Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Ggx Gold Corp V.GGX

Alternate Symbol(s):  GGXXF

GGX Gold Corp. is a Canada-based a junior mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties. The Company is focused on its Gold Drop Project and is actively pursuing other precious metal assets particularly in the province of British Columbia. The Company has earned a 100% interest in the Gold Drop Property (gold - silver - tellurium). Its Gold Drop property in situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp.


TSXV:GGX - Post by User

Comment by oldvsetraderon Jul 11, 2019 9:57pm
151 Views
Post# 29911317

RE:Would someone explain this 'option agreement' w/ XIM,...

RE:Would someone explain this 'option agreement' w/ XIM,...GGX optioned the Gold Drop from XIM and that is going to conclude on July 19, 2019 when GGX earns 100% of the Gold Drop. Xim will not own the property other than a royalty. XIM also have the right to back in to earn a new interest of 30% in the property within 9 months from July 19 but have to pay 30% of all costs to date - approx 4 million spent so far.  Per the latest financial statement.        So as of July 19, GGX will own 100% of the property that XIM states they own 100% today, subject to the Royalty and buy back.    
<< Previous
Bullboard Posts
Next >>