Proactive Investors - Run By Investors For Investors

GGX finalizes share consolidation

GGX said its common shares will start trading on a consolidated basis on June 14, 2019
Gold Drop project
GGX is focused on its Gold Drop property in southern BC

GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) said has moved to consolidate the outstanding common shares of the company on a three to one basis, the firm said Wednesday.

GGX said its common shares will start trading on a consolidated basis on June 14, 2019. Following the change, there will be about 16,949,360 shares issued and outstanding.

READ: GGX Gold sees gold in core from latest drilling at Gold Drop project in BC

The firm said the consolidation would be on the basis of three pre-consolidation shares for one post-consolidation share.

The firm said under the terms of the proposed consolidation, no fractional shares will be issued and any fractional shares created as a result of the consolidation will be rounded up or down to the nearest whole number.

Last week, the firm announced it has now completed 20 diamond drill holes on the COD vein at the Gold Drop project in British Columbia since the exploration season began in mid-April. Ten of the holes hit the COD quartz vein at their target depths, of which eight were visibly mineralized with pyrite.

Shares of GGX were at C$0.07 on Wednesday.

Contact Katie Lewis at [email protected]

View full GGX profile View Profile

GGX Gold Corp. Timeline

Newswire
June 13 2019

Related Articles

1552559210_Gold-bar-plus-nugget.jpg
March 14 2019
Caledonia is taking a short-term hit, but there are grounds for cautious optimism longer-term
goldplat
May 31 2019
Interim chief executive Werner Klingenberg said management’s continued priority will be to “maintain the established momentum of the recovery operation and improve the reliability of sourcing material”.
A gold key
February 14 2019
Construction started in August, and the surface tailings company met its targeted start of commissioning, CEO Daniel Pretorius said on a conference call

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use