pcNewsWire – GGX Gold Corp (TSX-V: GGX) has arranged a non-brokered private placement of 700,000 units at a price of $0.135 cents per unit for gross proceeds of $94,500
GGX Gold Arranges Private Placement
Vancouver, British Columbia (FSCwire) – GGX Gold Corp (TSX-V: GGX) (the“Company” or “GGX”) is pleased to announce it has arranged a non-brokered private placement of 700,000 units at a price of $0.135 cents per unit for gross proceeds of $94,500. The units of the financing will comprise of one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.20 per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.25 cents 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 providing such notice. Directors, officers or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securities of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings.
On Behalf of the Board of Directors
Barry Brown, Director
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.
Source: GGX Gold Corp. (TSX Venture:GGX)