GGX Gold Corp (CVE:GGX) announced it intends to complete a non-brokered private placement of C$480,000.
GGX said it intends to issue four million equity units priced at C$0.12 with each equity unit consisting of one common share of the company and one share purchase warrant, which may be exercised for a period 36 months at a price of C$0.15 per share.
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GGX said the funds raised will go towards progressing the company’s continued exploration work at its Gold Drop project southern British Columbia. This will include diamond drilling and trenching. The funds will also be used for general purposes.
It added that a finder’s fees may be paid.