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GGX Gold (TSXV:GGX) has announced a non-brokered private placement

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The company plans to raise gross proceeds of up to $480,000 from the issuance of up to 4 million units, priced at $0.12 per unit, with each unit consisting of one share and one warrant, with each warrant exercisable to purchase an additional share at $0.15 for 36 months.

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Date Published: May 22, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GGX Gold has announced a non-brokered private placement.

The company plans to raise gross proceeds of up to $480,000 from the issuance of up to 4 million units, priced at $0.12 per unit, with each unit consisting of one share and one warrant, with each warrant exercisable to purchase an additional share at $0.15 for 36 months.

In addition to accredited investors, the offering is open to current shareholders.

The company is also relying on other Securities Commission exemptions allowing non-accredited investors to purchase the private placement provided they have obtained advice from a registered investment dealer.

The proceeds of the private placement will be used for general working capital and continued exploration work on the company’s Gold Drop Property.

The Gold Drop Property is located 40 kilometres from Grand Forks, British Columbia in the Greenwood District.

GGX Gold saw a very successful season in 2017 and has extensive plans ongoing in 2018.

The COD Vein is of a particular area of interest with drill samples such as Hole COD17-14 which included 4.59 grams per tonne gold and 38.64 grams per tonne silver over 16.03 metres.

With a history of visible gold, The Gold Drop Property has seen high grade gold production as recent as the 1980s.

The company has two drill rigs on the property and is also awaiting assay results from a number of completed holes.

The shares are trading at $0.115.

For more information, please visit the company’s website at www.ggxgold.com, contact Jack Singh, Investor Relations, at 604-720-6598, or by email at ir@ggxgold.com.

I’m Samantha Deutscher for Investmentpitch Media