GGX Gold Proposes 3:1 Share Consolidation
GGX Gold Proposes 3:1 Share Consolidation
Vancouver, British Columbia – June 5, 2019– GGX Gold Corp. (TSX -v: GGX), (OTCQB: GGXXF), (FRA:
3SR2) (the “ Company” or “ GGX”) announces that it is proposing to consolidate the outstanding
common shares of the Company (the “Shares”) on the basis of three (3) pre -consolidation Shares for
one (1) post-consolidation Share (the “Consolidation“).
Management and the Board of Directors have concluded that the Consolidation is necessary to facilitate
new equity investment in the Company to finance continuing business activities and assist in its overall
marketing efforts. The Consolidation will not change a shareholder’s proportionate own ership in the
Company or the rights of holders of Shares. Each Share outstanding after the Consolidation will be
entitled to one vote and will be fully paid and non -assessable. There will be no name change in
conjunction with the Consolidation.
Under the terms of the proposed Consolidation, no fractional Shares will be issued as a result of the
Consolidation as any fractional Shares created as a result of the Consolidation will be rounded up or
down to the nearest whole number. There are currently 50,848,081 Shares issued and outstanding.
Following the Consolidation, there will be approximately 16,949,360 Shares issued and outstanding,
subject to treatment of fractional post-Consolidation Shares.
The Consolidation is subject to approval by the TSX Venture Exchange.
On Behalf of the Board of Directors
“Barry Brown”
Barry Brown, Chief Executive Officer
604‐488‐3900
Investor Relations:
Mr. Jack Singh,
604-488-3900,
June 5, 2019 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
Forward Looking Statement
This news release contains certain "forward -looking statements" within the meaning of Canadian securities
legislation, relating to, among other things, preliminary plans for a consolidation of the Company’s Shares.
Although the Company believes that such s tatements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward -looking statements are statements that are not historical facts;
they are generally, but not always, identified by the words "expects," "plans," "an ticipates," "believes,"
"intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar
expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those
statements, wh ich, by their nature, refer to future events. The Company cautions that forward -looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date the
statements are made and they involve a number of risks and uncer tainties. Consequently, there can be no
assurances that such statements will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Except to the extent required by applicable securities
laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause future results to differ materially from those anticipated in these forward -looking
statements include the possibility that the TSX Venture Exchange will not approve the proposed share
consolidation, and that the Company may not be able to raise sufficient additional capita l to continue its
business. The reader is urged to refer to the Company's reports, publicly available through the Canadian
Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com
for a more complete discussion of such risk factors and their potential effects.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any
sale of any of securities of the Company in any jurisdiction in which such offer, soli citation or sale would be
unlawful, including any of the securities in the United States of America. The Company’s securities have not
been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state
securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S.
Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable
state securities laws, or an exemption from such registration requirements is available.
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.