RE:RE:Stockwatch Gold Summary for Oct. 9, 2018GGX.v GGX Gold Earns Cash and Shares from Its 9% Interest in a Golden Triangle Property Syndicate
by @fscwire on August 15, 2017
Vancouver, British Columbia (FSCwire) - GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the “Company” or “GGX”) is pleased to announce it has received initial share and cash proceeds from its 9% investment in a Syndicate which holds properties in the Golden Triangle area of north western British Columbia.
Two of the Syndicate’s’ properties, the Empire and Midas were optioned to Ardonblue Ventures Inc. (ARB.TSXV) for which GGX received a $54,000 cash payment, 1,476,000 common shares of Ardonblue and 1,476,000 warrants with an exercise price of $.08 per share valid until July 17, 2022. The shares and warrants have a hold period expiring on November 18, 2017.
GGX has also received a cash payment of $27,000 from Goliath Resources Inc., 891,000 common shares and 891,000 warrants of Goliath from its option of four syndicate properties. At present, Goliath is not a publicly traded company but has entered into a definitive Reverse Takeover agreement with TSX Venture listed Bitumen Capital (BTM.H) of which TSX Venture and shareholder approval is pending.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900