GGXXF: OTCQB 3SR2: FRA GGX Gold Appoints CFO And Announces Financing Updates
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GGX: TSX-V
GGXXF: OTCQB
3SR2: FRA
GGX Gold Appoints CFO
And Announces Financing Updates
______________________________________________________________________________________
Vancouver, British Columbia – April 6, 2018 – GGX Gold Corp. (TSXV: GGX), (OTCQB:
GGXXF), (the “ Company” or “ GGX”) is pleased to announce that is has appointed Nicolette
Keith as Chief Financial Officer of the Company. Ms. Keith brings over 20 years of accounting
and managerial experience in both the public and private sectors. Ms. Keith has previously acted
as Chief Financial Officer of public companies listed on the TSX Venture Exchange and held a
senior accounting role for a company listed on the New York Stock Exchange. Areas of focus
for Ms. Ke ith will include regulatory reporting, capital management, business process
improvements, system optimization, internal controls and management reporting. Ms. Keith
earned an Arts and Science Bachelor’s degree from the University of Victoria and obtained t he
certified General Accountants (CGA) designation thereafter.
The Company also announces that it has closed a non -brokered private placement for gross
proceeds of $270,000. The units of the financing are comprised of one common share at a price of
$0.10 and a full share purchase warrant, which may be exercised for a period of three years at a
price of $0.15 per share. The Company announces August 7, 2018 as the hold period expiry date
for the private placement.
The Company also wishes to advise all subs cribers and finders from its private placement that
took place during April 2017, that the Company is accelerating the term of these warrants to
further finance its ongoing drill program. The term of the 10 cent warrants associated with this
placement may be accelerated in the event that the issuer's shares trade at or above a price of 15
cents per share for a period of 10 consecutive days. In June of 2017, after the final closing
announced on May 3, 2017, the shares of the Company traded in this range. The warrants being
accelerated at 10 cents are attached to the .075 cent private placement that took place in April
2017. Warrant holders now have 30 days from todays date to exercise their warrants or they will
be terminated.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations: Mr. Jack Singh, 604-720-6598 [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 y et 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 actua l results, performances or achievements of the Company to be materially different from future
results, performances or achievements express or implied by such statements. Such statements and information are
based on numerous assumptions regarding present a nd 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 an d 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 exploratio n 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; 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, ac tual results may differ materially from those currently
anticipated in such statements. Factors that could cause actual results to differ materially from those in forward
looking statements include continued availability of capital and financing and genera l economic, market or business
conditions, the loss of key directors, employees, advisors or 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 performance or events and, accordingly are
cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
The forwa rd-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.