Corporate Update
TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
May 18, 2018
Corporate Update
Vancouver, British Columbia – May 18, 2018 – GGX Gold Corp. (TSX.V: GGX)
(OTCQB: GGXXF), (FRA; 3SR2) (the “Company” or “GGX”) is pleased to announce
that is has arranged a non-brokered private placement of 4 million units at a price of $0.12
per unit for gross proceeds of $480,000. The units of the financing will comprise of one
common share and a full share purchase warrant, which may be exercised fo r a period of
three years at a price of $0.15 per share. Directors, officers or other insiders of the Company
may participate in the foregoing offerings, and such parties may sell securities of the
Company owned or controlled by them personally through the facilities of the TSX Venture
Exchange to finance participation in such offerings. The proceeds of the private placement
will be used for general working capital and continued exploration work including diamond
drilling and trenching at the Company’s Gold Drop property near Greenwood in Southern
British Columbia.
A finder's fee may be paid to eligible finders in accordance to the TSX -V policies. All
securities issued pursuant to the offering will be subject to a hold period of four months
and one day from the date of closing. The offerings and payment of finders' fees are both
subject to approval by the TSX-V.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations:
Mr. Jack Singh: 604-488-3900 E-mail: [email protected]
“ We don’t have to do this, we get to do this ”
The Crew
Forward Looking Information
GGX Gold News Release
This News Release may contain forward -looking statements including but not limited to
comments regarding the acquisition of certain mineral claims. Forward -looking statements
address future events and conditions and therefore involve inherent risks and unc ertainties.
Actual results may differ materially from those currently anticipated in such statements and
Revolver undertakes no obligation to update such statements, except as required by law.
Forward-looking statements are based on the then-current expectations, beliefs, assumptions,
estimates and forecasts about the business and the industry and markets in which the Company
operates, including that: the current price of and demand for minerals being targeted by the
Company will be sustained or will impr ove; the Company will be able to obtain required
exploration licences and other permits; general business and economic conditions will not
change in a material adverse manner; financing will be available if and when needed on
reasonable terms; the Company will not experience any material accident; and the Company
will be able to identify and acquire additional mineral interests on reasonable terms or at all.
Forward-looking statements are not guarantees of future performance and involve risks,
uncertainties and assumptions which are difficult to predict. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, including: that resource exploration
and development is a speculative business; that environmental laws and regula tions may
become more onerous; that the Company may not be able to raise additional funds when
necessary; fluctuations in currency exchange rates; fluctuating prices of commodities;
operating hazards and risks; competition; potential inability to find suit able acquisition
opportunities and/or complete the same; and other risks and uncertainties listed in the
Company’s public filings. These risks, as well as others, could cause actual results and events to
vary significantly. Accordingly, readers should not place undue reliance on forward -looking
statements and information, which are qualified in their entirety by this cautionary statement.
There can be no assurance that forward -looking information, or the material factors or
assumptions used to develop such forward looking information, will prove to be accurate. The
Company does not undertake any obligations to release publicly any revisions for updating any
voluntary forward-looking statements, except as required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release