Goldgroup Mining Inc.

Goldgroup Mining Inc. hereby announces that, through its wholly owned subsidiary Goldgroup Resources, Inc., it has filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes against the United Mexican States. The Company has been engaged in a legal dispute with DynaResource Inc. in the Mexican courts regarding its subsidiary's investment in DynaResource de Mexico, S.A. de C.V. The [...]

Goldgroup Mining is pleased to announce that the non-brokered private placement announced on December 19, 2022 has been closed on a fully subscribed basis. Pursuant to the Private Placement, the Company issued 5,700,000 common shares at a price ‎of $0.10 per share, for aggregate gross proceeds of $570,000, which are being allocated to existing working capital and capex needs of the Company. All securities issued in [...]

Goldgroup Mining is pleased to announce a non-brokered private placement of up to 5,700,000 common shares of the Company at a price of $0.10 per common share for aggregate gross proceeds of up to $570,000. No commissions or fees are payable in connection with the Private Placement. The proceeds from the Private Placement will be used to maintain the Company's existing operations and general working capital requirements [...]

Goldgroup Mining is pleased to announce it has entered into a loan agreement dated December 9, 2022 with Calu Opportunity Fund LP, previously known as Sail Natural Resources LP, in the principal amount of USD$2,160,000. This Loan includes USD $550,000 previously advanced to the Company as disclosed in the Company's news release issued on August 11, 2022, which is restructured into the current Loan amount. The Lender is a [...]

Goldgroup Mining announces that its CEO John McClintock has resigned effective November 14, 2022, in order to pursue other opportunities. At this time Anthony Balic, the Company's CFO and Director, will become Interim CEO as the Company assesses the vacancy in the position. The Company would like to thank Mr. McClintock for his service and contributions and wish him well in his future endeavours. About Goldgroup Goldgroup [...]

Goldgroup Mining announces that the Company's previously announced share consolidation of common shares of one post-consolidation Common Share for every ten pre-consolidation Common Shares reducing the Company's issued and outstanding Common Shares from 229,246,213 to 22,924,656 Common Shares is now effective. The TSX has confirmed that the Common Shares will begin trading on the Toronto Stock Exchange on a consolidated [...]

Goldgroup Mining announces that the Company's issued and outstanding common shares have been consolidated at a ratio of one post-consolidation Common Share for every ten pre-consolidation Common Shares. The Common Shares will begin trading on the Toronto Stock Exchange on a consolidated basis on September 23, 2022 under the same trading symbol "GGA" with a new CUSIP number. The Consolidation reduced the number of issued [...]

Goldgroup Mining is pleased to announce it has entered into a loan agreement dated August 10, 2022 with Sail Natural Resources LP in the principal amount of USD$550,000. The Lender is a resource focused private investment vehicle, with a focus on supporting growth stage mining companies. The Loan bears interest at 5% per annum, will be repaid in 11 equal monthly installments of USD $50,000 commencing on October 10, 2022 [...]

Goldgroup Mining held its annual general meeting of shareholders in Vancouver on June 28, 2022. Common Shares represented at the Meeting: 48,444,736 Total issued and outstanding Common Shares as at Record Date: 211,803,356 Percentage of issued and outstanding Common Shares represented: 22.87% 1. Election of Directors Votes in Favour Votes Withheld The election of the following nominees as directors of the Company for the [...]

Goldgroup Mining is pleased to announce that a first tranche of the upsized non-brokered private placement of units announced on April 19, 2022 and June 3, 2022 has been completed. Pursuant to the first tranche of the Private Placement, the Company issued 17,442,857 Units at a price of $0.035 per Unit, for aggregate gross proceeds of approximately $610,500. Each Unit consists of one common share of the Company and one [...]