GGX GOLD Corp Announces Private Placement
GGX GOLD CORP ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia – June 18, 2019 – GGX GOLD CORP. (TSX.v: GGX) (OTCQB:
GGXXD) (the “Company” or “GGX”) is pleased to announce it has arranged a non-brokered
private placement of up to $700,000 in non-flow-through financing and up to $1,050,000 in
flow-through financing. Proceeds from the private placement will be used for the continued
exploration work on the Gold Drop Property, potential project acquisitions, property option
payments as well as general working capital.
The offering will consist of flow-through units priced at $0.30 cents and non-flow-through units
priced at $0.20.
Each flow-through unit will comprise one common share (which is a flow-through share for
Canadian income tax purposes) and one-half share purchase warrant. Each whole flow-through
warrant will entitle the holder to purchase one additional common share which is not a flow-
through share at the price of $0.35 for 18 months after closing. The term of the warrants may
be accelerated in the event that the issuer's shares trade at or above a price of $0.40 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
20 days from the date of providing such notice.
Each non-flow-through unit will comprise of one common share and one share purchase
warrant. Each non-flow-through warrant will entitle the holder to purchase one additional
common share at the price of $0.30 for a period of 18 months after closing. The term of the
warrants may be accelerated in the event that the issuer's shares trade at or above a price of
$0.40 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 20 days from the date of providing such notice.
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.
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.
On Behalf of the Board of Directors
George Sookochoff, President
604-488-3900
Investor Relations: Mr. Jack Singh, 604-488-3900, [email protected]
“We don’t have to do this,
we get to do this”
~The Crew
June 18, 2018 TSX.v : GGX
FRA : 3SR2
OTCQB : GGXXD
GGX Gold News Release
Forward Looking Statement
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 expe ctations, 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.
GGX Gold News Release
Neither TSX V enture 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