Goldgroup Mining Inc. (T:GGA)
Business Focus: Gold Mining
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Latest 10 SEDI filings for GGA within the last 6 months
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Company News
Jul 28, 2023 21:48 ET
Early Warning News Release
Lewes, Delaware--(Newsfile Corp. - July 28, 2023) - Calu Opportunity Fund LP ("Calu") announces that, further to the approval received from the shareholders (other than Calu) of Goldgroup Mining Inc. ("Goldgroup") at Goldgroup's annual general and special meeting held on June 28, 2023 (the "Shareholders Meeting"), the loan in the principal amount of US$2,160,000 (the "Calu Loan") made by Calu to Goldgroup on December 9, 2022, which is unsecured, bears interest at 6% per annum and is due December 31, 2023, has been converted into 29,052,000 common shares of Goldgroup at a price of CDN$0.10 per share at a fixed exchange rate of US$1.345 to CDN$1 (the "Debt Conversion").
Jul 28, 2023 18:45 ET
Goldgroup Announces Conversion of Convertible Loan
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2023) - Goldgroup Mining Inc. (TSX: GGA) (OTC Pink: GGAZF) (BMV SIX: GGAN.MX) ("Goldgroup" or the "Company") announces that the Company has issued 29,052,000 common shares upon conversion of the Company's outstanding convertible loan which had a face value of USD $2,160,000 and was converted into common shares of the Company at CAD $0.10 per share at a fixed FX rate of 1.345 USD to CAD. The loan was originally announced in a news release issued on December 12, 2023 and the conversion of the loan to common shares of the Company was approved by shareholders at the Company's annual and special meeting held on June 28, 2023 and the TSX on July 19, 2023. The common shares were issued to Calu Opportunity Fund LP ("Calu"), who is an insider of the Company, and post conversion Calu owns 52.41% of the issued and outstanding common shares of the Company.
Valuation Ratios
Industry
Sector
Beta
1.16
--
--
Price to Sales - TTM
0.64
3.06
4.36
Price to Book - most recent quarter
--
1.86
1.92
Price to Cash Flow per share - TTM
--
9.91
9.33
Price to Free Cash Flow per share - TTM
--
28.47
18.28
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 3,275 | 2,044 |
| Aug 31, 2023 | 1,231 | 910 |
| Aug 15, 2023 | 321 | -548 |
Business Summary
| Sector: Basic Materials | Industry: Gold |
Goldgroup Mining Inc. is a Canada-based gold production, development and exploration company. The Company is focused on exploring and developing production from its two assets: San Jose de Gracia in Sinaloa and Cerro Prieto mine. San Jose de Gracia project, which is in the northeast portion of Sinaloa State, Mexico, approximately 120 kilometers (kms) northeast of the coastal city of Los Mochis, straddling the Chihuahua border. The property consists of approximately 34 mineral concessions covering approximately 69,000 hectares. The Cerro Prieto Property, located in the Cucurpe Mining District, Sonora, Mexico, is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto North (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. The Cerro Prieto Property is 52 road kilometers from the regional center of Magdalena de Kino and approximately 150 kms northeast of the City of Hermosillo.
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