News Release
GGX Gold Closes $480,000 Private Placement
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Vancouver, British Columbia – August 18, 2017 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the “Company” or “GGX”) is pleased to announce that is has closed the non-brokered private placement previously announced on August 3, 2017 for gross proceeds of $480,000. The units of the financing comprise of one flow-through common share at a price of $0.20 and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.25 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 $0.35 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 December 18, 2017 as the hold period expiry date for the private placement.
The Company paid a cash commission of $37,500.00 to EMD Financial Inc.and $4,000.00 to TD Wealth and issued 187,500 broker warrants to EMD Financial Inc. and 20,000 broker warrants to TD Wealth. The broker warrants have the same terms as the private placement warrants.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations:
Mr. Jack Singh: 604-720-6598 E-mail: ir@ggxgold.com
