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 [...]
Goldgroup Mining is pleased to announce that the Company has increased its previously announced private placement financing from 18,000,000 units of the Company to 19,542,857 Units at a price of $0.035 per Unit for aggregate gross proceeds of up to approximately $684,000. Each Unit will consist of one common share and one common share purchase warrant, with each Warrant being exercisable to purchase one Common Share at a [...]
Goldgroup Mining announces the appointment of Mr. John McClintock as the Company's Chief Executive Officer effectively immediately. Anthony Balic, the previous Interim CEO, will continue as the Company's Chief Financial Officer. Mr. McClintock has over 14 years of international and domestic experience in capital markets within the mining and metals industry. Mr. McClintock began his career in investment banking and equity [...]
Goldgroup Mining Inc. announces that on April 16, 2021, the Tenth Circuit Court of Appeals affirmed the May 9, 2019 order and judgment from United States District Court for the District of Colorado, which confirmed the arbitration award the Company received on August 14, 2016 pursuant to an arbitration held in Denver, Colorado, commencing in March 2014. The Circuit Court rejected the appeal lodged by Texas-based [...]
Goldgroup Mining Inc. held its annual general meeting of shareholders in Vancouver, B.C. on December 22, 2020. Common Shares represented at the Meeting: 63,454,331 Total issued and outstanding Common Shares as at Record Date: 211,803,356 Percentage of issued and outstanding Common Shares represented: 29.96% 1. Number of Directors Votes in Favour Votes Against The fixation of the number of directors at five. 42,879,995 [...]
Goldgroup Mining Inc. is pleased to announce that it has closed a definitive agreement in respect of the previously announced secured loan facility in the amount of USD$3,000,000 among the Company as guarantor, the Company's subsidiary, Minas de Oroco Resources, S.A. de C.V. , as borrower, and Accendo Banco S.A., Multiple Banking Institution, as lender . Facility Terms The Facility will be available for drawing for 12 [...]
Goldgroup Mining Inc. is pleased to announce that it has signed an indicative term sheet in respect of a secured loan facility with Accendo Banco S.A., Multiple Banking Institution , in the amount of USD$3,000,000 . Facility Terms As set out in the Term Sheet, the Facility will be available for drawing for 12 months following the date on which certain conditions precedent to the Facility have been satisfied , with a [...]
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