08:20 AM EDT, 10/16/2025 (MT Newswires) -- GFG Resources ( GFGSF ) Thursday said it is seeking to raise $4.0 million from a private placement of premium flow-through units and flow-through shares.

The company is offering 13.49-million premium flow-through units, with each priced at $0.2224 and made up of a tax-advantaged share and one half of a two-year warrant to buy a common share for $0.24. It is also offering 5.41-million flow-through shares priced at $0.185 each.

GFG said Alamos Gold (AGI.TO, AGI) will participate in the placement in order to maintain its 10.8% stake in the company.

GFG did not specify how it will use proceeds from the placement, but funds raised through flow-through share sales must be used to advance exploration of mineral properties. GFG has three gold projects in northern Ontario's Timmins Gold Camp.

The company's shares closed down $0.01 to $0.175 Wednesday on the TSX Venture Exchange.