GFG Resources has closed its private placement financing for gross proceeds of C$3,000,000. In connection with the Offering, Alamos Gold Inc. purchased securities and will hold a 10.8% interest in the Company. Brian Skanderbeg, President and CEO of GFG commented, "This successful financing, along with the continued support from Alamos, is a testament to our long-term strategy, strong asset base, and promising growth [...]
GFG Resources Inc. announces that it has issued shares pursuant to the previously announced option agreement with International Explorers and Prospectors Inc. whereby GFG can acquire a 100% interest of the WWCC Property, located 40 kilometres east of Timmins, Ontario . Pursuant to the Agreement, GFG issued a total of 1,334,757 common shares of the Company to IEP on April 11, 2025 at a deemed value of C$0.187 per common [...]
GFG Resources Inc. announces that it has increased and amended its previously announced private placement . The Company has decided to increase the Offering to C$3.0 million and amend the sale of premium flow-through units to provide that each Premium Unit will now consist of one common share of the Company and one whole share purchase warrant , with each Warrant entitling the holder thereof to acquire one additional [...]
GFG Resources Inc. announces a private placement of premium flow-through units to raise gross proceeds of up to C$2.5 million . As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchase securities in the Offering to maintain their position at a 10.8% interest in the Company upon completion of the Offering. Brian Skanderbeg, President and CEO of GFG commented, "With the [...]
GFG Resources Inc. has acquired strategic claims within the Company's Pen Gold Project located west of Timmins, ON. The Company paid a total purchase price of C$4,500 to acquire a 100% ownership of the claims. In addition, and pursuant to the Company's annual executive compensation program, the Company announces that it has granted stock options to directors and officers to purchase up to an aggregate of 3,812,000 common [...]
KEY HIGHLIGHTS: ALJ-24-020 intersected multiple high-grade intervals returning 32.70 grams of gold per tonne over 0.5 metres and 6.62 g/t Au over 11.2 m including 7.24 g/t Au over 10.2 m. ALJ-24-017 returned a broad gold zone near-surface in the Hangingwall Zone of 1.74 g/t Au over 13.2 m including 24.20 g/t Au over 0.5 m, and expanded the Footwall Zones down to 430 m with 1.51 g/t Au over 5.2 m including 4.68 g/t Au over [...]
GFG Resources Inc. is pleased to announce that it has entered into an Exploration Agreement with Apitipi Anicinapek Nation with respect to the Company's Goldarm Property located in the world-class Timmins Gold District of Ontario, Canada. The EA sets the stage for continuous consultation with AAN, providing the community with the chance to engage in the Project through employment, training, and business growth [...]
GFG Resources Inc. announces the closing of the sale of its 100% owned Rattlesnake Hills Gold Project to Patriot Gold Vault Ltd., a wholly owned subsidiary of Axcap Ventures Inc. . Under the terms of the Transaction, Patriot will pay GFG an aggregate consideration of approximately C$3.3 million. "We are pleased to finalize the sale of our Rattlesnake Hills Gold Project as part of our strategy and commitment to maximize [...]
GFG Resources Inc. announces that it has received total proceeds of C$3,712,528 million from the exercise of 28,557,907 common share purchase warrants of the Company, which expired December 9, 2024. The Warrants were originally issued on October 6, 2022, March 21, 2023 and April 19, 2024. In connection with the exercise of warrants, Alamos Gold Inc. has exercised 5,343,302 warrants for a total consideration of C$694,629 [...]
KEY HIGHLIGHTS: ALJ-24-014 intersected three new high-grade intervals 200 metres northwest of the Aljo mine, returning 9.94 grams of gold per tonne over 2.9 m, 10.4 g/t Au over 0.7 m and 6.41 g/t Au over 1.1 m, confirming strong proximal discovery potential. ALJ-24-013 returned nine distinct vein intervals including 2.48 g/t Au over 1.3 m and 2.55 g/t Au over 1.5 m, extending the Main Zone 100 m to the southwest and [...]
GFG Resources Inc. announces today that it is electing to accelerate the expiry of outstanding share purchase warrants of the Company originally issued on October 6, 2022, March 21, 2023 and April 19, 2024. In connection with the acceleration of warrants, Alamos Gold Inc. has exercised 5,343,302 warrants for a total consideration of C$694,629. In addition to Alamos, a large majority of warrant holders have confirmed their [...]
KEY HIGHLIGHTS: Following the previously released intercept of 13.94 grams of gold per tonne over 7.1 metres GFG confirms second high-grade zone and deepest ever intercept in the Main Zone from the first hole of the H1 drill program at Aljo Mine Target . Drilled the best intercept to-date at Aljo in hole ALJ-24-012 returning 23.08 g/t Au over 7.6 m with significant visible gold and tellurides. Demonstrates continuity and [...]
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