Goldgroup Provides Corporate Update

VANCOUVER, Aug. 11, 2016 /CNW/ – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) would like to provide a corporate update on four recent developments:

  1. Cascadia Goldfields Company Ltd. (“Cascadia”) paid its second tranche payment of CAD$425,000 to Goldgroup
  2. Warrants exercised – proceeds of CAD $821,720
  3. Paid off the Credipresto SAPI de CV SOFOM ENR (“Credipresto”) Facility balance
  4. Oroco Resources Corp. (“Oroco”) Promissory Note Amendment


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