BULLETIN V2025-2487
GOLDGROUP MINING INC. ("GGA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 18, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's acquisition of all of the issued and outstanding shares of a wholly owned subsidiary (the "Subsidiary") of an arm's length party (the "Vendor"), pursuant to an Agreement to Suspend Enforcement Proceedings Agreement, dated March 6, 2025 (the "Agreement"), between the Company, the Subsidiary and the Vendor. The Subsidiary is the 100% owner of the fully permitted for construction gold project located 140 kilometers east of the capital Zacatecas in the state of Zacatecas, Mexico, which consists of 30 mining concessions.
Pursuant to the terms of the Agreement, the Company will issue 716,667 shares to the Vendor and pay in aggregate USD $178,000 to complete the acquisition of the Subsidiary. The Company will also suspend enforcement proceedings relating to the Vendor's default under a loan facility dated June 24, 2020 (the "Loan Facility"), which was later acquired by the Company, and settle the approximately USD $2,638,956 principal and interest owed as of December 31, 2024 on the Loan Facility.
For further details, please refer to the Company's news releases dated March 8, 2025 and July 3, 2025.
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