Goldgroup Issuance of Common Shares to Satisfy US$200,000 Owing to Oroco Resource Corp.

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/897-tsx/gga/16507-goldgroup-issuance-of-common-shares-to-satisfy-us-200-000-owing-to-oroco-resource-corp.html#.VsIBeeTrvIU

VANCOUVER, Feb. 12, 2016 /CNW/ – Goldgroup Mining Inc. (“Goldgroup” or the “Company“) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has issued 4,691,000 common shares (the “Shares“) at a deemed price of $0.06 per Share to satisfy debt owing to Oroco Resource Corp. (“Oroco“) in the amount of US$200,000 (being the equivalent of Cdn$281,460 calculated using the Bank of Canada Noon Exchange Rate on January 28, 2016 of US$1.00: Cdn$1.4073 (the “Transaction“).

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