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GGX Gold Corp. V.GGX

Alternate Symbol(s):  GGXXF

GGX Gold Corp. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties. The Company is focusing its financial resources on the Gold Drop property option. Gold Drop property is situated in prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The Greenwood mining camp is located in southern British Columbia, which has produced 1.4 million ounces of gold, 10 million ounces of silver and 0.7 billion pounds of copper.


TSXV:GGX - Post by User

Post by purethingon Mar 26, 2019 1:24pm
127 Views
Post# 29537692

option agreement most terms met

option agreement most terms metAll GGX owes by July 2019 is $100,000 in cash or share equivilent to own 100% of the Gold Drop Property. They have more than met the exploration component.

All Ximen can do is pay GGX over $1 million to back in for 30% of the deal.

So if Ximen chooses to back in they can only own at most 30%. GGX will have at least 70%

There is no way in this universe ximen can get more than 30% so just relax everyone.


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