Mergers & Acquisitions ·
Goldgroup completes C$101M strategic investment in Luca Mining for ~20% stake
GGAZDGoldgroup Mining Inc.
Goldgroup Mining Inc. has completed a C$101,123,662 strategic investment in Luca Mining Corp. through the acquisition of 101,123,662 subscription receipts at C$1.00 each. The transaction closes on October 14, 2026, and positions Goldgroup to hold approximately 19.9% of Luca’s issued shares upon conversion, contingent on Luca's acquisition of the Cozamin Mine. Under an investor rights agreement, Goldgroup retains rights to participate in future equity financings and nominate two directors to Luca’s board. Goldgroup Mining Inc. is a precious-metals producer with four wholly owned assets in Mexico and the United States.