GFG Closes First Tranche of Financing

Executive Summary

• GFG Resources Inc. closed the first tranche of its private placement, raising C$2,537,904.
• The offering consisted of 11,411,438 premium flow‑through units priced at C$0.2224 each, each unit containing one common share and half a warrant (exercise price C$0.24, 24‑month term).
• Alamos Gold purchased 2,211,438 units, increasing its stake to approximately 11.1% of GFG’s outstanding shares; insiders Brian Skanderbeg and Marc Lepage bought an additional 2,406,250 units.

Key Details

• Units Issued: 11,411,438 premium flow‑through units (each = 1 common share + ½ warrant).
• Price per Unit: C$0.2224.
• Gross Proceeds: C$2,537,904.
• Warrant Terms: Exercise price C$0.24; exercisable for 24 months from issuance.
• Regulatory Basis: Issued under NI 45‑106 Listed Issuer Financing Exemption; no hold period required.
• Alamos Gold Transaction:
• Purchased 2,211,438 units on Nov 3 2025 for C$353,830.
• Post‑closing ownership: ~11.1% of GFG’s common shares (≈11.9% if all warrants exercised).
• Insider Purchases:
• Brian Skanderbeg and Marc Lepage bought a combined 2,406,250 units on Nov 3 2025.
• Transaction exempt from MI 61‑101 valuation/minority approval thresholds (<25% market cap).
• Fees Paid: C$7,200 in cash finder's fees related to the offering.
• Closing Timeline: First tranche closed; final tranche expected around Nov 7 2025, subject to TSX Venture Exchange approval.
• Use of Proceeds (forward‑looking): Not explicitly detailed in release; typical uses include exploration funding and corporate working capital.

Notable Quotes

(No executive quotes were included in the release.)