GGX Gold Corp. (TSX-V:GGX) said it has closed its previously announced non-brokered private placement, raising gross proceeds of C$100,000 by issuing 2 million company shares, at a price of $0.05 per unit
Net proceeds from the offering will be used for general working capital purposes.
The financing will comprise one company common share plus one share purchase warrant, with each whole warrant entitling the holder to purchase one additional GGX Gold share at the price of $0.07 for 60 months after closing.
The hold expiry date for the financing is February 8, 2026.