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

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GGX Gold (TSXV:GGX) (OTCBB:GGXXF) has announced a non-brokered private placement. The company plans to raise gross proceeds of up to $400,000 from the issuance of up to 2 million flow through units, priced at $0.20 per unit. Each unit consists of 1 share and 1 warrant, with each warrant exercisable to purchase an addition flow through share at $0.25 for 60 months, subject to an acceleration clause.

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV:GGX
Date Published: Aug 4, 2017
Transcript: Available

Video Transcript:

I’m Lee Ann Wolfin for Investmentpitch Media

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

The company plans to raise gross proceeds of up to $400,000 from the issuance of up to 2 million flow through units, priced at $0.20 per unit.

Each unit consists of 1 share and 1 warrant, with each warrant exercisable to purchase an addition flow through share at $0.25 for 60 months, subject to an acceleration clause.

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.

Proceeds will be used for continued exploration work on the Gold Drop Property, which may include additional drilling and trenching.

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

The drill program is targeting the C.O.D. Vein, a Dentonia/Jewel style gold and silver bearing quartz vein in the Gold Drop Southwest zone.

Previous excavator trenching exposed 160 metres of the C.O.D. vein, which remained open in both directions.

The shares are trading at $0.20 and with 24.2 million shares outstanding, the company is capitalized at $4.8 million.

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 Lee Ann Wolfin for Investmentpitch Media