12:13 PM EDT, 04/11/2025 (MT Newswires) -- GFG Resources ( GFGSF ) Friday said it is seeking up to $3 million in a private placement of premium flow-through share units.

As part of the offering, Alamos Gold ( AGI ) has committed to purchase securities to maintain their position at a 10.8% interest.

The company is offering up to 11.04-million premium units, priced at $0.27 per unit and made up a tax-advantaged share and a two-year warrant to buy a common share for $0.28.

"With the support of our largest shareholder, the current financing enables us to step-up our exploration efforts and leverage cost-effective flow-through capital," said chief executive Brian Skanderbeg. "Upon completion of this financing, GFG will be in a very strong financial position, allowing us to continue to capitalize on opportunities and build value for our shareholders."

The company's shares were last seen up $0.005 to $0.19 on the TSX Venture Exchange.

Price: 0.19, Change: +0.01, Percent Change: +2.70