GT Gold Corp. GTGDF

Metals & Mining Industrial Metals & Minerals

GT Gold Corp is a new company focused on exploring for gold in the terrain of British Columbia's Golden Triangle. Its only operating segments include the acquisition, exploration, and development of mineral properties in Canada. The company's flagship asset is the wholly-owned Tatogga property, located off highway 37 in northern British Columbia.

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GT Gold Corp. > Results clearly uneconomic ...

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Comment by higherhighson Sep 05, 2018 9:40pm

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Post# 28569568

RE:Results clearly uneconomic ...

The last financing the company did was not flow through.

GT Gold closes $6.51-million private placement

2018-03-21 14:28 ET - News Release

Mr. Kevin Keough reports

GT GOLD CLOSES $6.5 MILLION FINANCING BRINGING TOTAL CASH TO $9.5 MILLION; FULLY FUNDED FOR SUMMER 2018 EXPLORATION PROGRAM

GT Gold Corp. has closed its previously announced non-brokered private placement for gross proceeds of $6,518,719. The offering involved the issuance of 9,053,495 common shares (and no warrants) at the amended price of 72 cents per share. The company is very pleased with the support of its existing shareholders as well as the addition of new, long-term-oriented investors.

Net proceeds from the financing will be used for exploration (primarily expansion drilling) of the company's Saddle gold-silver discovery in British Columbia's Golden Triangle. The company has a strong balance sheet and is now more than adequately financed for the upcoming 2018 exploration program at Saddle, details of which will be forthcoming in the near future.
The company has paid finders' fees totalling $186,924 in accordance with the rules and policies of the TSX Venture Exchange. All shares issued in the offering will be subject to a four-month hold period ending July 22, 2018.