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FINWIRES

Goldgroup Mining Upsizes Private Placement to $125 Million

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Goldgroup Mining (GORO.V, GORO) increased the size of its private placement offering for proceeds of up to about $125 million from up to about $75 million, it said in a statement on Monday.

Each unit will consist of one common share and one-half of one 1.5-year warrant, with each warrant entitling the holder to buy a share for $5.10. Closing of the offering is expected on or about Sept. 30, and is subject to some approvals, it said.

US-listed shares of the company were last seen down 2.2% at $3.5006 in pre-market trading.

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Mining & Metals

Journey Energy Closes CA$8 Million Acquisition of Interest in Keyera Rimbey Facility

Journey Energy (JOY.TO) on Friday said it closed the acquisition of a private company for CA$8.0 million, subject to customary closing adjustments.The acquired company's primary asset is a 0.98% working interest in the Keyera Rimbey natural gas processing facility and related infrastructure.Journey said the asset generates about CA$0.7 million in annual third-party processing revenue and is also expected to reduce operating costs for processing gas production from its Duvernay Joint Venture.The company expects the acquisition to pay out within two to three years based on forecast revenue and operating cost savings.Journey's shares closed up CA$0.13 to CA$6.13 on the Toronto Stock Exchange on Friday.

$JOY.TO
Mining & Metals

Restaurant Brands International to Renew Share Buyback Program

Restaurant Brands International (QSR.TO, QSR) on Friday said it intends to renew its normal course issuer bid (NCIB).The restaurant franchisor and owner , whose brands include Burger Kind and Tim Hortons, may buy back up to 34.4-million shares for one year beginning Sept. 16.Under its previous NCIB which ends of Sept. 15, Restaurant Brands bought back 2.9-million shares of an allowed 32.3-million.Restaurant Brands shares closed up CA$0.98, to CA$106.75, on the Toronto Stock Exchange.

$QSR$QSR.TO
Mining & Metals

Canagold's New Polaris Project Included in Canada Investment Summit Prospectus

Canagold Resources (CCM.TO) said Friday that its New Polaris Gold-Antimony Project in British Columbia has been included in the Canada Investment Summit Prospectus.The inclusion reflects New Polaris as a project of "strategic importance and investment potential", a statement said. A feasibility study on the project was completed last year, Canagold said.Canagold submitted an environmental assessment application for New Polaris in April. New Polaris has been designated a Priority Project by the BC government.The Canada Investment Summit takes place on Sept. 14 to 15 in Toronto, Ontario. It is being convened by Prime Minister Mark Carney.Canagold shares closed up CA$0.03 at CA$0.70 on the Toronto Stock Exchange.

$CCM.TO