GFG closes $2.53M 1st tranche with Alamos participation

Executive Summary

• GFG Resources Inc. has closed the first tranche of its private placement financing, raising gross proceeds of $2,537,904.
• Alamos Gold Inc. purchased securities in the offering, increasing its stake to approximately 11.1% of the company.
• The company intends to close the final tranche of the offering on or about November 7, 2025.

Key Details

• Financing Structure: Issued 11,411,438 premium flow-through units at a price of 22.24 cents per unit.
• Gross Proceeds: $2,537,904 from the first tranche.
• Warrant Terms: Each unit includes one-half of one share purchase warrant. Each warrant allows the holder to acquire one additional common share at an exercise price of 24 cents for a period of 24 months from issuance.
• Regulatory Status: Units issued pursuant to the listed issuer financing exemption under National Instrument 45-106; no hold period applies. Subject to final approval of the TSX Venture Exchange.
• Alamos Gold Investment:
  • Purchased 2,211,438 units via a share purchase agreement with a third party on Nov. 3, 2025, for $353,830.
  • Pre-offering holding: ~10.8% (or 11.3% assuming warrant exercise).
  • Post-offering holding: 32,761,650 common shares and 2,503,625 warrants, representing 11.1% of issued and outstanding common shares (or ~11.9% assuming warrant exercise).
• Insider Participation:
  • Directors/officers Brian Skanderbeg and Marc Lepage each purchased 2,406,250 premium units via share purchase agreements with a third party on Nov. 3, 2025.
  • Transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 as it represented less than 25% of market capitalization.
• Finders' Fees: The company paid cash finders' fees totaling $7,200 on portions of the offering.
• Future Closing: The final tranche of the offering is expected to close on or about November 7, 2025.

Notable Quotes

• None provided in the text.