GGX GOLD EARNS CASH AND SHARES FROM ITS 9% INTEREST IN A GOLDEN TRIANGLE PROPERTY SYNDICATE

GGX: TSX-V  

GGXXF: OTC

 

GGX Gold Earns Cash and Shares from its 9% Interest in a Golden Triangle Property Syndicate _____________________________________________________________________________________

 

Vancouver, British Columbia – August 15, 2017 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the “Company” or “GGX”) is pleased to announce it has received initial share and cash proceeds from its 9% investment in a Syndicate which holds properties in the Golden Triangle area of north western British Columbia.

Two of the Syndicate’s’ properties, the Empire and Midas were optioned to Ardonblue Ventures Inc. (ARB.TSXV) for which GGX received a $54,000 cash payment, 1,476,000 common shares of Ardonblue and 1,476,000 warrants with an exercise price of $.08 per share valid until July 17, 2022. The shares and warrants have a hold period expiring on November 18, 2017.

GGX has also received a cash payment of $27,000 from Goliath Resources Inc., 891,000 common shares and 891,000 warrants of Goliath from its option of four syndicate properties.  At present, Goliath is not a publicly traded company but has entered into a definitive Reverse Takeover agreement with TSX Venture listed Bitumen Capital (BTM.H) of which TSX Venture and shareholder approval is pending.

 

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

 

“ We don’t have to do this, we get to do this ” 

The Crew  

Forward Looking Information

 

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

Leave a Reply

Your email address will not be published.