GFG Resources Raises CA$8.1 Million in Upsized Private Placement of Units and Shares

12:19 PM EDT, 10/23/2026 (MT Newswires) -- GFG Resources (GFG.V) raised CA$8.1 million through an upsized private placement of hard dollar and flow-through units and flow-through shares, the company said on Friday. The offering consisted of 5.3-million hard dollar units at CA$0.19 each, for CA$1 million proceeds. Each unit consists of one non-flow-through share and one-half of one warrant. GFG also sold 7.5-million flow-through shares at CA$0.22 each, for CA$1.66 million proceeds; and 20.2-million premium flow-through units at CA$0.266 each, for CA$5.4 million proceeds. Each premium flow-through unit consists of one flow-through share and one-half of a flow-through warrant. Each whole warrant can buy one non-flow-through share at CA$0.285 for two years. Alamos Gold (AGI.TO) indirectly participated in the offering to maintain its 10.8% stake in GFG, a statement said. "This financing puts us in a strong position to advance an aggressive exploration program focused on expanding the Aljo gold system, building on our new discovery at Nahanni and testing high-priority targets across Goldarm," said GFG Chief Executive Brian Skanderbeg. GFG Resources were last seen up CA$0.015 at CA$0.175 on the TSX Venture Exchange. Price: 0.18, Change: +0.02, Percent Change: +9.37