05:01 PM EDT, 03/19/2025 (MT Newswires) -- GoGold Resources ( GLGDF ) Wednesday after trade said it intends to raise $75 million in a bought-deal financing.

The company is selling underwriters 41.2-million shares at $1.82 each. The underwriters have also been granted a 15% over-allotment option.

The offering is expected to close on or about April 4.

GoGold will use the proceeds to develop its Los Ricos South project in Mexico.

The company's shares closed down $0.03 to $1.96 on the Toronto Stock Exchange.