Northwire Canada EditionSaturday, November 14, 2026
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Financings

GoGold closes $143.75-million bought deal offering

By The Northwire Desk — AI Analysis Nov 27, 2025 · 17:03 GGD · 2.42 GoGold Resources Inc.
GGD · Price

Executive Summary

  • GoGold Resources Inc. has closed a bought deal financing raising C$143,750,575 in gross proceeds.
  • The offering consisted of 54,245,500 units priced at $2.65 per unit, including the full exercise of the 15% overallotment option.
  • Proceeds are designated for the exploration and development of the Los Ricos projects and general corporate purposes.

Key Details

  • Gross Proceeds: $143,750,575 (C$144 million).
  • Units Sold: 54,245,500 units.
  • Price Per Unit: $2.65.
  • Overallotment: The 15% overallotment option was fully exercised, adding 7,075,500 units to the base offering.
  • Warrant Terms: Each unit includes one common share and half of one common share purchase warrant. Each warrant is exercisable to acquire one common share at an exercise price of $3.50 per share for a period of three years from closing.
  • Use of Proceeds: Exploration and development of the Los Ricos projects and general corporate purposes.
  • Underwriter: BMO Capital Markets served as the sole bookrunner on behalf of a syndicate of underwriters.
  • Offering Mechanism: Common shares were offered by way of a short form prospectus in all Canadian provinces except Quebec.

Notable Quotes

  • None provided in the text.
Read the original news release →

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Earnings