GFG acquires claims for Pen Gold Project in Ontario

GFG Resources Inc. has purchased new claims at its Pen Gold Project in Ontario. The company acquired 100% ownership of the claims for C$4,500. In addition to the acquisition, GFG has granted stock options to its directors and officers. The options allow the purchase of 3,812,000 common shares at a price of $0.195 per share, based on the closing price from March 17, 2025. These options come with different vesting periods and are valid for five years. GFG also plans to issue 111,111 common shares to the Apitipi Anicinapek Nation under a recent exploration agreement, pending approval from the TSX Venture Exchange. GFG focuses on gold exploration in North America. It operates three projects in the Timmins district of Ontario, an area known for producing over 70 million ounces of gold. The company aims to maximize its exploration opportunities in these regions. Statements about GFG’s future plans and exploration activities are considered forward-looking. These predictions can be affected by various risks, such as gold prices, environmental concerns, and operational challenges. Therefore, actual results might differ from expectations.