Golden Goose Resources Company (JGR-CSE) It intends to complete a non-brokered private placement of units expected to generate minimum proceeds of $3.0 million. The company said the offer includes an oversubscription clause that could increase the maximum proceeds to $5.0 million.
The supply will consist of units at a price of 15 cents per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of 23 cents per warrant share for a period of 24 months from the closing date.
However, the expiration date of warrants may be accelerated if the stock price exceeds 35 cents for any 10 consecutive trading days on the Canadian Securities Exchange after the closing date.
The company said the proceeds are for channel sampling, geophysical surveys, geological mapping and drilling.
Golden Goose shares were unchanged at 19.5 cents on Wednesday. Shares are trading in a 52-week range of 30 cents to 11.5 cents.
Golden Goose is a mineral exploration company focused on the discovery and development of mineral resources. It has the right to acquire 100% of the Gran Esperanza property covering 44,400 hectares of year-round accessible land in the Los Menucos area within the Northern Patagonia Block, Río Negro, Argentina.
The company also has the right to acquire 100% of the Goldfire property, which consists of 83 claims covering an area of 4,680 hectares located near Goldfields Company Limited (GFI-NYSE, GFI-JSE) The Windfall project in Quebec is currently under development. The Windfall project is estimated to host 4.1 million ounces of gold and is nearing completion. The portfolio includes a controlling stake in the El Quemado project, which consists of 20 mining concessions covering 8,000 hectares in the Salta province of Argentina.
In a press release dated June 9, 2026, Golden Goose announced test results from the first channel sampling program at Gran Esperanza. The 2026 exploration campaign focused on geological mapping of the entire property, detailed geological and structural mapping and systematic channel sampling, the company said. She said the program succeeded in confirming several gold-bearing structures, expanding the known mineral footprint and identifying several new exploration targets. The Bonanza, Dorada and Chapita structures returned the most significant gold grades and represent the highest priority exploration corridor identified by the current programme, the company said.
Golden Goose can exercise the option through a staged option consisting of a cash payment of $1.9 million and exploration expenses of $2.6 million.
Meanwhile, the company said its initial work at Goldfire has validated key structural and diagenetic features that are consistent with known mineralization trends at the Windfall camp. “These early results reinforce our confidence in the property’s potential and pave the way for the next phase of exploration,” the company said.
