GFG Resources increases private placement to C$4.23 million

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has increased its previously announced private placement to raise gross proceeds of up to C$4.23 million, according to a company statement.

The offering will consist of up to 11,880,188 premium flow-through units at C$0.2224 per unit and up to 8,550,129 flow-through shares at C$0.185 per share. Each premium unit includes one common share and one-half of one share purchase warrant, with each full warrant allowing the purchase of one additional common share at C$0.24 for 24 months from issuance.

The offering is scheduled to close on or about November 3, 2025, subject to regulatory approvals including TSX Venture Exchange approval. The company may pay finder's fees of up to 6% of aggregate gross proceeds on portions of the offering.

The securities will be offered under the Listed Issuer Financing Exemption pursuant to National Instrument 45-106, meaning the shares and units will not be subject to a hold period under Canadian securities laws. The company stated that certain insiders are anticipated to participate in the offering.

GFG Resources operates three gold exploration projects in the Timmins gold district of Ontario, Canada. The Timmins Gold Camp has produced over 70 million ounces of gold according to the company.

The securities have not been registered under U.S. securities laws and may not be offered or sold in the United States without an available exemption.

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