The Prospector News

GoGold Receives $9,131,940 From Early Warrant Exercise Incentive Program

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) is pleased to announce the successful completion of its early warrant exercise incentive program as described in a press release dated June 20, 2014. In connection with the Warrant Incentive Program, 6,046,650 Warrants were exercised, providing gross proceeds of $9,131,940 to the Company and resulting in the Company issuing 6,696,756 Common Shares.

 

 

Terry Coughlan, President and CEO of GoGold stated, “We would like to thank those who participated in the program. With these additional funds we are in a strong financial position to move the Santa Gertrudis gold mine project forward to production. A Preliminary Economic Assessment Study (PEA) is underway using the recently completed NI 43-101 resource report for the project. We expect our contractor will complete the PEA in next three to five weeks. We anticipate we will be moving directly into the permitting and engineering studies when the PEA is completed.”

 

 

The remaining Warrants that were not exercised under the Warrant Incentive Program will continue to entitle the holder to acquire one Common Share at the exercise price of $1.50 per Common Share until January 24, 2015 in accordance with its terms and the terms of the warrant indenture governing the Warrants.

 

Posted July 8, 2014

Share this news article

MORE or "UNCATEGORIZED"


Libero Options the Esperanza Porphyry Copper-Gold Project - Drilling Includes 232 Metres of 1% Cueq from Surface

Libero Copper & Gold Corporation (TSX-V: LBC) (OTCQB: LBCMF) ... READ MORE

January 26, 2021

Goldshore Resources to Acquire Moss Lake Gold Project from Wesdome Gold Mines Ltd., Creating New Canadian Gold Development Company

Goldshore to Complete Concurrent $25 Million Equity Financing &am... READ MORE

January 26, 2021

Group Eleven Intersects Up To 8.7% Zinc and 3.3% Lead (12.0% combined) in Step-Out Drilling at Stonepark, Ireland

Group Eleven Resources Corp. (TSX-V: ZNG) (OTC: GRLVF) (FRA: 3GE)... READ MORE

January 26, 2021

SRG MINING INC. AND SPROTT PRIVATE RESOURCE LENDING II (COLLECTOR), LP ANNOUNCE USD$7.5M CONVERTIBLE SENIOR FINANCING IN SUPPORT OF SRG’s BID FOR NORTH AMERICAN LITHIUM INC.

SRG Mining Inc. (TSX-V: SRG) is pleased to announce that i... READ MORE

January 26, 2021

Pucara Gold Reports on its First Drill Campaign at Lourdes Gold Project in Peru

Highlights Drilling results confirmed presence of gold mineraliza... READ MORE

January 26, 2021

Copyright 2021 The Prospector News