GoGold closes $143.75-million bought deal offering

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.