GGX Gold Closes $480,000 Private Placement ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold Closes $480,000
Private Placement
______________________________________________________________________________________
Vancouver, British Columbia – August 18, 2017 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the
“Company” or “GGX”) is pleased to announce that is has closed the non-brokered private placement
previously announced on August 3, 2017 for gross proceeds of $480,000. The units of the financing
comprise of one flow-through common share at a price of $0.20 and a full share purchase warrant, which
may be exercised for a period of five years at a price of $0.25 per share. The term of the warrants may be
accelerated in the event that the issuer's shares trade at or above a price of $0.35 cents per share for a
period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing
or by way of news release, to the subscribers that the warrants will expire 30 days from the date of
providing such notice. The Company announces December 18, 2017 as the hold period expiry date for
the private placement.
The Company paid a cash commission of $37,500.00 to EMD Financial Inc.and $4,000.00 to TD Wealth
and issued 187,500 broker warrants to EMD Financial Inc. and 20,000 broker warrants to TD Wealth. The
broker warrants have the same terms as the private placement warrants.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations:
Mr. Jack Singh: 604-720-6598 E-mail: [email protected]
“ We don’t have to do this, we get to do this ”
The Crew
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Forward Looking Information
This news release includes certain statements that constitute “forward-looking information ” within the
meaning of applicable securities law, including without limitation, the Company ’s information and
statements regarding or inferring the future business, operations, financial performance, prospects, and
other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include
statements regarding the completion of the proposed transactions. Forward -looking statements address
future events and conditions and are necessarily based upon a number of estimates and assumptions. These
statements relate to analyses and other information that are based on forecasts of future results, estimates
of amounts not yet determinable and assumptions of management. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or
future events or performance (often, but not always, using words or phrases such as “expects” or “does not
expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved), and variations of such words, and similar expressions are not statements of historical fact and
may be forward-looking statements. Forward-looking statement are necessarily based upon several factors
that, if untrue, could cause the actual results, performances or achievements of the Company to be
materially different from futu re results, performances or achievements express or implied by such
statements. Such statements and information are based on numerous assumptions regarding present and
future business strategies and the environment in which the Company will operate in the future, including
the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will
be able to obtain required licenses and permits. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory uncertainties and risks including that resource exploration and
development is a speculative business; that environmental laws and regulations may be come more
onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of
metals; the possibility that future exploration, development or mining results will not be consistent with
the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that
economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results
may differ materially from those currently anticipated in such statements. Fac tors that could cause actual
results to differ materially from those in forward looking statements include continued availability of
capital and financing and general economic, market or business conditions, the loss of key directors,
employees, advisors o r consultants, equipment failures, litigation, competition, fees charged by service
providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that
forward-looking statements are not guarantees of future perfo rmance or events and, accordingly are
cautioned not to put undue reliance on forward -looking statements due to the inherent uncertainty of such
statements. The forward -looking statements included in this news release are made as of the date hereof
and the Company disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as expressly required by
applicable securities legislation.
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