Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.

OTCQX:GLDXF - Post by User

Gold X Mining Corp.

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Post by orepasson Apr 20, 2016 8:49pm

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Post# 24791758

When the funds want in...

On top of 360 million outstanding...We are still way better off with SSP...

VICTORIA GOLD ANNOUNCES C$24 MILLION INVESTMENT BY ELECTRUM STRATEGIC OPPORTUNITIES FUND L.P. AND SUN VALLEY GOLD LLC

Victoria Gold Corp. intends to issue 80 million units in a non-brokered private placement to Electrum Strategic Opportunities Fund LP and an existing, significant shareholder, Sun Valley Gold LLC. The units will be issued at a price of 30 cents per unit for gross proceeds of $24-million. Electrum has agreed to subscribe for 60 million units, while Sun Valley has agreed to subscribe for 20 million units. Upon closing of the private placement, Electrum is expected to own approximately 13.6 per cent of the issued and outstanding shares of the company, while Sun Valley's ownership of the outstanding common shares of the company will increase to approximately 18.0 per cent.

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Multi-bagger industrial stock adds $90M in new contracts