Goldgroup Mining Inc. Announces Exercise of Over-Allotment Option
VANCOUVER, March 4 /CNW/ – Goldgroup Mining Inc. (TSX: GGA) (“Goldgroup” or the “Company”) is pleased to announce that in connection with its previously announced offering of 25 million common shares at a price of Cdn$1.40 per share (the “Offering”), the underwriters have determined to exercise the over-allotment option in full to acquire an additional 3.75 million common shares at Cdn$1.40 per share to raise additional aggregate gross proceeds of Cdn$5.25 million. The Company expects to close the Offering concurrently with the over-allotment option on or about March 10, 2011.