08:30 AM EDT, 04/11/2025 (MT Newswires) -- GFG Resources ( GFGSF ) on Friday said it has increased its private placement offering of units to $3 million from $2.5 million.

The private placement offering will now consist of 11 million tax-advantaged premium flow-through units priced at $0.27, up from the previous 9.2 million. Each unit will consist of one share and one 24-month warrant that can buy a share at $0.28.

GFG previously announced that Alamos Gold (AGI.TO) will purchase securities so as to maintain their 10.8% stake in the company after the offering is completed, scheduled for May 2.