GFG Resources raises C$3.71 million of 28.56 million warrants to accelerate exploration programs in Timmins

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December 11, 2024

GFG Resources (OTCQB:GFGSF) raised C$3.71 million following the exercise of 28.56 million warrants expiring on December 9, 2024.
In connection with the exercise of Alamos Gold warrants (NYSE: AGI) exercised 5.34 million warrants for a total amount of CAD 694,629.
The Company currently states that it has no outstanding warrants.
“This funding enables GFG to accelerate exploration programs on our projects at the highly prospective Timmins Gold Camp. We are currently focused on drilling at our Aljo Gold project and look forward to beginning our first-pass drilling program at Muskego Gold Target 2025,” said Brian Skanderbeg, president and CEO of GFG.