05:35:55 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



GGX Gold Corp (2)
Symbol GGX
Shares Issued 23,451,767
Close 2020-07-10 C$ 0.185
Market Cap C$ 4,338,577
Recent Sedar Documents

ORIGINAL: GGX Gold closes $150,000 final tranche of financing

2020-07-10 16:35 ET - News Release

Received by email:

File: '\\doc\emailin\20200710 132926 Attachment Final -NR-GGX-July 10.2020 close pp.docx'


GGX Gold  News Release


July 10, 2020 
TSX.V :
GGX

FRA :
3SR2

OTCQB :
GGXXF

GGX Gold Closes Financing




Vancouver, British Columbia - July 10, 2020 - GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the "Company" 
--->or "GGX") is pleased to announce that is has closed the final tranche of the private placement announced on June 2, 20
--->20 for gross proceeds of $150,000. Each unit of the financing will comprise of one common share at a price of $0.075 p
--->er share and a full share purchase warrant, which may be exercised for a period of two years at a price of $0.12 per s
--->hare. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $
--->0.15 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 provid
--->ing such notice. The Company announces November 10, 2020 as the hold expiry date for this final tranche.

The proceeds of the private placement will be used for general working capital and continued exploration work includin
--->g diamond drilling and trenching at the Company's Gold Drop property near Greenwood in Southern British Columbia.

The Company also announces that it has granted 400,000 stock options at an exercise price of $0.22 to its directors, o
--->fficers, employees and consultants. The options are exercisable for five years and will be cancelled 30 days after ces
--->sation of acting as director, officer, employee or consultant of the Company. The stock options are not transferable a
--->nd will be subject to a four-month hold period from the date of grant and any applicable regulatory acceptance.
                           

On Behalf of the Board of Directors
Barry Brown,  CEO
604-488-3900
Office@GGXgold.com

Investor Relations: 
604-488-3900, 
IR@GGXgold.com





Forward Looking Statement
This News Release may contain forward-looking statements including but not limited to comments regarding the acquisiti
--->on of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve in
--->herent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statemen
--->ts 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 a
--->bout 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 improve; the Company will be able to obta
--->in required exploration licences and other permits; general business and economic conditions will not change in a mate
--->rial adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experien
--->ce any material accident; and the Company will be able to identify and acquire additional mineral interests on reasona
--->ble terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertaint
--->ies and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involv
--->e risks and uncertainties, including: that resource exploration and development is a speculative business; that enviro
--->nmental 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; co
--->mpetition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks an
--->d 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 forwar
--->d-looking information, or the material factors or assumptions used to develop such forward looking information, will p
--->rove 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 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



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