GGX Gold Increases Financing
GGX Gold Increases Financing
Vancouver, British Columbia – December 14, 2020 – GGX Gold Corp. (TSX -v: GGX), (OTCQB: GGXXF),
(FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce that due to positive investor response, GGX
has increased its previously announced non -brokered private placement on November 25, 2020 to 3,052,500
units at a price of $0.16 cents per unit for gross proceeds of $488,400. Each flow-through unit will comprise of
one common share (which is a flow -through share for Canadian income tax purposes) and one share purchase
warrant. Each whole warrant will entitl e the holder to purchase one additional common share at the price of
$0.20 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 $0.25 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.
Proceeds from the private placement will be used for the continued exploration work on the Gold Drop Property
in the Greenwood mining camp of south-central 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, CEO
604-488-3900
Investor Relations:
604-488-3900,
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
December 14, 2020 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
involve inherent risks and unc ertainties. Actual results may differ materially from those currently anticipated in such
statements and GGX Gold 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
regulations 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 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