en.Wedoany.com Reported - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) (FSE: 55G0) confirms that the consolidation ratio for its issued and outstanding common shares is one post-consolidation share for every four pre-consolidation shares. This ratio was jointly determined by Goldgroup and Gold Resource Corporation in accordance with the arrangement agreement and plan of merger signed on January 25, 2026, and amended on May 15, 2026.

The company's share consolidation aims to meet the listing requirements for the NYSE American LLC. Goldgroup has submitted a listing application to the NYSE, but there is no guarantee that its shares will be listed for trading on this exchange. The consolidation plan is still subject to approval by the TSX Venture Exchange.

Goldgroup also announced that, under its total equity incentive plan, it has granted 3,750,000 pre-consolidation options (937,500 post-consolidation options) to certain directors of the company. These options are exercisable at a price of US$1.59 per Goldgroup share to acquire 3,750,000 Goldgroup shares. The options vest immediately and expire three years from the date of grant, with the grant pending TSXV approval.

Goldgroup is a Canada-based mining company with two gold assets in Mexico. The company holds a 100% interest in the San Francisco project in Sonora, which is fully permitted for a rapid restart of mining operations, including two open pits, a heap leach processing facility, and related infrastructure. Additionally, the company holds a 100% interest in the producing Cerro Prieto heap leach gold mine in Sonora.

Goldgroup recently announced that its shareholders have approved the proposed business combination with Gold Resource Corporation. Gold Resource Corporation holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico, and a 100% interest in the Back Forty gold/silver development project in Michigan, USA. Subject to obtaining all necessary approvals and satisfying or waiving all closing conditions, the arrangement is expected to close on or around July 17, 2026.