GFG Announces Private Placement Financing of up to C$3.0 Million

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SASKATOON, Saskatchewan, Feb. 17, 2023 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces a private placement to raise gross proceeds of up to C$3.0 million (the “Offering”). As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. (TSX: AGI; NYSE: AGI) has committed to purchase securities in the Offering to increase their position to a 9.99% interest in the Company upon completion of the Offering.