Goldgroup Mining Inc. Closes US$122 Million Private Placement

Goldgroup Mining Inc. announced the closing of its non-brokered private placement, issuing 33,382,326 units at US$3.65 per unit for aggregate gross proceeds of US$121,845,490. Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at US$5.10 until March 25, 2028. The company paid finders’ fees totaling US$4,219,785.04. The proceeds will be used for working capital, advancing its mining projects, and evaluating strategic M&A opportunities in the mining sector. This financing, which exceeded the initial target by over 60%, strengthens the company's balance sheet and financial flexibility. The funds may be reallocated based on business opportunities and market conditions.