Goldgroup-GRC Merger Sets July 20 Trading Under GORO Ticker

Goldgroup holds a 100% interest in the San Francisco gold project in Sonora, Mexico, a fully permitted open-pit and heap-leach operation that the company has said is ready for a rapid restart. It also owns the producing Cerro Prieto heap-leach gold mine in the same state. GRC operates the Don David Gold Mine in Oaxaca, Mexico, and is developing the Back Forty Project in Michigan.

The combined company will be led by Goldgroup’s management team. The companies first announced the merger agreement in January and amended it in May. The post-merger entity will retain the Goldgroup corporate structure while using GRC’s NYSE listing and ticker.

Completion of the listing and delisting remain subject to all closing conditions. Neither company has said whether additional regulatory reviews could affect the timetable.