Goldgroup Announces Nominees to Board in Connection with Proposed Business Combination with Gold Resource Corporation and Amends Arrangement AgreementVancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) ("Goldgroup" or the "Company") announces, further to its news release dated January 26, 2026, the Company has entered into an amendment (the "Amendment") with Gold Resource Corporation ("GRC") and Goldgroup Merger Sub Inc., a Colorado corporation and direct subsidiary of Goldgroup ("Purchaser Sub") to the previously announced Arrangement Agreement and Plan of Merger dated January 25, 2026 (the "Arrangement Agreement") by and among the parties, whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of GRC's common stock (the "Transaction"). The Amendment The Arrangement Agreement provides that, among other things and subject to the terms and conditions of the Arrangement Agreement, the proposed Transaction will occur by way of a reverse triangular merger in which GRC will merge with a wholly owned subsidiary of Goldgroup under Colorado law (the "Merger") and a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), with GRC surviving as a wholly owned subsidiary of Goldgroup.
Newsfile Corp5/15/2026Neutral
