GGX GOLD announces $960,000 financing
TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
June 11, 2018
GGX GOLD announces $960,000 financing
Vancouver, British Columbia – June 11, 2018 – GGX Gold Corp. (TSX.V: GGX)
(OTCQB: GGXXF), (FRA; 3SR2) (the “Company” or “GGX”) is pleased to announce
that it has arranged a non-brokered private placement of 8 million flow through units at a
price of Cdn$0.12 per unit for gross proceeds of $ 960,000. Each Flow -Through Unit
consists of one common share that qualifies as a “flow -through share” as defined in
subsection 66(15) of the Income Tax Act and one [non -]transferable common share
purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of
12 months from the date of issue, one additional non -flow-through common share of the
Issuer at an exercise price of Cdn$0. 15 per share. The proceeds of the private placement
will be used for 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 offerin gs and payment of finders' fees are both
subject to approval by the TSX-V.
The Company further announces that its previously announced private placement o n May
17 and 18, 2018 is closed.
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
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
GGX Gold News Release
Forward Looking Information
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 improve; 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 Comp any 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, uncertain ties 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 re gulations 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 suitable 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 s uch 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.