Financings

GGX Gold arranges $100,000 private placement

By The Northwire Desk — AI Analysis Oct 06, 2025 · 14:21 GGX · 0.065 GGX Gold Corp.

GGX · Price

GGX Gold Corp. completed a non‑brokered hard‑dollar private placement of 2 million units at $0.05 per unit, raising gross proceeds of $100,000.
Each unit consists of one common share and one share purchase warrant; warrants allow purchase of an additional share at $0.07 for up to 60 months post‑closing.
Net proceeds are earmarked for general working capital; securities will be subject to a four‑month‑plus‑one‑day hold period.

Units offered: 2,000,000 units @ $0.05 per unit → Gross proceeds: $100,000.
Unit composition: 1 common share + 1 share purchase warrant per unit.
Warrant terms: Right to buy one additional common share at $0.07 per share; exercisable for 60 months after closing.
Use of proceeds: General working capital.
Hold period: Securities subject to a lock‑up of four months and one day from the closing date.
Finder’s fees: May be paid to eligible finders in accordance with TSX Venture Exchange policies; both offering and finder fee payments require TSX‑V approval.
Insider participation: Directors, officers, or other insiders may participate in the placement.

(No executive quotes provided in the release.)

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