GGX Gold closes $405K private placement

News Release

GGX GOLD Closes Private Placement

Vancouver, British Columbia – December 18, 2017 – GGX Gold Corp (TSXV:GGX) (the “Company” or “GGX”) is pleased to announce that is has closed the non-brokered private placement previously announced on November 17, and December 1, 2017 for gross proceeds of $405,000. 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 term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.20 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. The Company announces April 13, 2018 as the hold period expiry date for the private placement.

The Company paid a cash commission of $14,000.00 to Haywood Securities Inc., $2,000.00 to Leede Jones Gable Inc. and $400.00 to Canaccord Genuity Corp. The Company also issued 140,000 broker warrants to Haywood Securities Inc., 20,000 broker warrants to Leede Jones Gable Inc. and 4,000 broker warrants to Canaccord Genuity Corp. The broker warrants have the same terms as the private placement warrants.

On Behalf of the Board of Directors,
Barry Brown, Director

Investor Relations:
Mr. Jack Singh: 604-720-6598 E-mail: