GFG Closes First Tranche of Financing

Executive Summary

• GFG Resources Inc. closed the first tranche of its private placement, raising C$2,537,904.
• Alamos Gold purchased 2,211,438 Premium Units, increasing its stake to approximately 11.1% of GFG’s common shares (or ~11.9% if warrants are exercised).
• Insiders Brian Skanderbeg and Marc Lepage bought an additional 2,406,250 Premium Units; the Company also paid C$7,200 in finder’s fees.

Key Details

• Offering Structure: 11,411,438 premium flow‑through units issued at C$0.2224 per unit.
• Unit Composition: Each Premium Unit = 1 common share + ½ of a share purchase warrant (full warrant allows purchase of one additional common share at C$0.24 for 24 months).
• Gross Proceeds: C$2,537,904 from the first tranche; final tranche expected around November 7, 2025.
• Alamos Gold Transaction:
• Purchased 2,211,438 units on Nov 3, 2025 for C$353,830.
• Post‑closing ownership: ~32,761,650 common shares and 2,503,625 warrants (≈11.1% of outstanding shares; ≈11.9% if all warrants exercised).
• Insider Purchases: Brian Skanderbeg and Marc Lepage acquired 2,406,250 Premium Units on Nov 3, 2025; transaction exempt from MI 61‑101 valuation/approval thresholds (<25% market cap).
• Regulatory Framework: Offering relied on NI 45‑106 Listed Issuer Financing Exemption; units are flow‑through shares for Canadian tax purposes; no hold period required.
• Finder’s Fees: C$7,200 paid in connection with the offering.
• Closing Conditions: Subject to TSX Venture Exchange final approval and applicable regulatory requirements.

Notable Quotes

(No direct quotes were provided in the release.)