Mergers & Acquisitions ·
Goldgroup Mining completes C$101M strategic investment in Luca Mining Corp
GGAZDGoldgroup Mining Inc.
Goldgroup Mining Inc. completed a strategic investment in Luca Mining Corp through a bought-deal private placement of subscription receipts on October 14, 2026. The company acquired 101,123,662 subscription receipts at C$1.00 per unit for an aggregate investment of C$101,123,662. Upon conversion following Luca's proposed acquisition of the Cozamin Mine, Goldgroup will hold approximately 19.9% of Luca's issued and outstanding shares on a non-diluted basis. The transaction includes an investor rights agreement granting Goldgroup board nomination rights for two directors and participation in future equity financings to maintain its pro rata ownership. Goldgroup Mining Inc. is a precious-metals producer with four wholly owned assets in Mexico and the United States.