HALIFAX, Nova Scotia, Sept. 01, 2020 (GLOBE NEWSWIRE) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold or the “Company”) has announced today that it has entered into an agreement with BMO Capital Markets as sole bookrunner along with a syndicate of underwriters including Sprott Capital Partners LP, PI Financial Corp., and Eight Capital., under which the underwriters have agreed to buy on bought deal basis 20,000,000 common shares (the “Common Shares”), at a price of C$1.50 per Common Share for gross proceeds of approximately C$30 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about September 18, 2020 and is subject to GoGold receiving all necessary regulatory approvals.