| Announces Flow-Through Financing Vancouver, British Columbia – December 16 -2022 – GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has arranged a non-brokered private placement of up to 2 million flow through shares at a price of $0.08 per share for gross proceeds of $160,000. 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. A finder’s fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders’ fees are both subject to approval by the TSX-V. Directors, officers or other insiders of the Company may participate in the offering. On Behalf of the Board of Directors Quinn Field-Dyte, President 604-488-3900 Office@GGXgold.com Investor Relations: IR@GGXgold.com About GGX Gold Gold Drop Project Gold, Silver & Tellurium 129 g/t gold and 1,154 g/t silver over 7.28 meter GGX’s Gold Drop property in situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The current 2021 drill program is following up on the 2018 drilling which intercepted high grade gold-silver results (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length.” |
