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GGX Gold Closes Financing - Historic Mining District - Greenwood BC
VANCOUVER, BC / ACCESSWIRE / February 15, 2023 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2...
About this update from Ggx Gold Corp.
[{"type":"text","content":"GGX Gold Closes Financing - Historic Mining District - Greenwood BCVANCOUVER, BC / ACCESSWIRE / February 15, 2023 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2) (the \"Company\" or \"GGX\") is pleased to announce that it has closed the non-brokered private placement previously announced on December 16, 2022, and December 30, 2022 by issuing 1,375,000 flow through units at a price of $0.08 cents per unit for gross proceeds of $110,000. Each flow-through unit will comprise of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of $0.10 for 24 months after closing. Proceeds from the private placement will be used for the continued exploration work on the Gold Drop Property in the Greenwood mining camp of south-central British Columbia.This is the final amount to raised and the placement is now closed.All securities issued in connection with the Offering will be subject to a hold period expiringApril 29, 2023. The Company paid no commission for this financing.On Behalf of the Board of DirectorsQuinn Field - Dyte, [email protected] Relations: [email protected] Looking StatementThis News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Revolver undertakes no obligation to update such statements, except as required by law.Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will ...