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GT Gold Corp. (GTT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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1.66000.0000 (0.00%)
As of 12:51PM EST. Market open.
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Previous Close1.6600
Open1.6400
Bid1.6600 x 0
Ask1.6700 x 0
Day's Range1.6100 - 1.6700
52 Week Range0.6700 - 2.2500
Volume160,680
Avg. Volume176,442
Market Cap211.705M
Beta (5Y Monthly)-0.04
PE Ratio (TTM)N/A
EPS (TTM)-0.0920
Earnings DateApr. 20, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.03
  • GT Gold Announces Closing of First Tranche of Previously Announced Private Placement
    GlobeNewswire

    GT Gold Announces Closing of First Tranche of Previously Announced Private Placement

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) -- GT Gold Corp. (TSX-V:GTT ; OTCQX:GTGDF) (the “Company” or “GT Gold”) is pleased to announce that further to its news release of November 2, 2020, it has today closed the first tranche of its fully subscribed non-brokered private placement financing (the “Financing”). The first tranche closing consists of the sale of 1,112,954 common shares at a price of C$1.25 per share for gross proceeds of C$1.39 million. The purchasers in the first tranche closing were existing shareholder Newmont Corporation and members of the company’s management and board. The hold period on the common shares sold in the first tranche of the Financing expires on March 10, 2021.The Company expects to close on the remaining C$4.3 million of the Financing in a second and final tranche on or about December 2, 2020. The common shares sold in the second tranche closing will be sold on a “charitable flow through” basis through Peartree Securities at a price of $1.75 per common share.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About GT GoldGT Gold is focused on exploring for base and precious metals in the geologically prolific terrain of British Columbia’s renowned Golden Triangle. The Company’s flagship asset is the wholly-owned, 46,827 hectare Tatogga property, located near Iskut, British Columbia, upon which it made two significant discoveries in 2017 and 2018 at its Saddle prospect: a precious metal rich vein system at Saddle South and a gold-rich copper porphyry system at Saddle North. The Company has recently released a maiden mineral estimate comprising an Indicated resource of 1.81 Blb copper and 3.47 Moz gold and an Inferred resource of 2.98 Blb copper and 5.46 Moz gold and is currently working to complete a Preliminary Economic Assessment for the Saddle North project.For further information, please contact:GT Gold Corp. Paul Harbidge President and Chief Executive Officer Tel: (236) 427 5744 Website: www.gtgoldcorp.caGT Gold Corp. Shawn Campbell Chief Financial Officer Tel: (236) 427 5744 Email: info@gtgoldcorp.ca Cautionary Statement Regarding Forward Looking Statements This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • GT Gold Announces Fully Subscribed C$5.7 Million Private Placement
    GlobeNewswire

    GT Gold Announces Fully Subscribed C$5.7 Million Private Placement

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 02, 2020 (GLOBE NEWSWIRE) -- GT Gold Corp. (TSX-V:GTT ; OTCQX:GTGDF) (the “Company” or “GT Gold”) today announced a fully subscribed non-brokered private placement financing (the “Financing”) for total gross proceeds of C$5.7 million. Proceeds of the Financing will be used to fund general working capital and to advance 2021 exploration activities on the Company’s 100% owned Tatogga property in northern British Columbia.“This financing will serve to bolster the balance sheet as the Company works to both advance the Saddle North project towards a Preliminary Economic Assessment in early 2021, and to continue our exploration activities across the highly prospective Tatogga property,” said Paul Harbidge, President and Chief Executive Officer. “We look forward to continuing to demonstrate the value of our company through our field and metallurgical work in the months ahead.”The Financing involves the sale of 3.6 million common shares. A total of 2.5 million shares will qualify as flow-through shares (“FT Shares”), each priced at C$1.75 per share for gross proceeds of up to C$4.4 million, and 1.1 million shares will be Common shares, priced at C$1.25 per share for gross proceeds of C$1.4 million. The Company has entered into an agreement with Peartree Securities Inc. for the purchase and sale of the FT Shares on a charity flow-through basis.Participants in the Financing include existing arm’s-length GT Gold shareholders, Newmont Corporation (“Newmont”), and members of the Company’s management and board. The terms of the Financing were developed in discussions with arm’s-length shareholders. The arm’s-length shareholders and Newmont, which has an anti-dilution right (among other rights) dating back to May 2019 pursuant to an investor rights agreement with the Company, will acquire in the aggregate approximately 70% of the common shares to be issued in the Financing. Prior to the Financing, GT Gold had approximately 126.4 million common shares outstanding.On completion of the Financing, members of management and Board will own a combined 12.08% of GT Gold’s outstanding common shares, up from 11.54% prior to the placement. Newmont will again attain its 14.9% strategic shareholder position.The proceeds received by the Company from the sale of the FT Shares will be used to incur eligible Canadian exploration expenses (“CEE”) that qualify as “flow-through mining expenditures” (as such terms are defined in the Tax Act) related to the Company’s projects located in British Columbia (the “Qualifying Expenditures”). The Qualifying Expenditures will be renounced in favour of the FT Share purchasers with an effective date of no later than December 31, 2021, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issuance of the FT Shares.The Financing is expected to close in multiple tranches, with the final tranche of FT Shares expected to close on or about November 30, 2020 and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Pursuant to applicable Canadian securities laws, all securities issued in the Financing will be subject to a hold period expiring four months and one day from the closing of the Financing.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About GT GoldGT Gold is focused on exploring for base and precious metals in the geologically prolific terrain of British Columbia’s renowned Golden Triangle. The Company’s flagship asset is the wholly-owned, 46,827 hectare Tatogga property, located near Iskut, British Columbia, upon which it made two significant discoveries in 2017 and 2018 at its Saddle prospect: a precious metal rich vein system at Saddle South and a gold-rich copper porphyry system at Saddle North. The Company has recently released a maiden mineral estimate comprising an Indicated resource of 1.81 Blb copper and 3.47 Moz gold and an Inferred resource of 2.98 Blb copper and 5.46 Moz gold and is currently working to complete a Preliminary Economic Assessment for the Saddle North project.For further information, please contact:GT Gold Corp. Paul Harbidge President and Chief Executive Officer Tel: (236) 427 5744 Website: www.gtgoldcorp.caGT Gold Corp. Shawn Campbell Chief Financial Officer Tel: (236) 427 5744 Email: info@gtgoldcorp.ca  Cautionary Statement Regarding Forward Looking Statements This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • GT Gold provides operational update on Tatogga project in British Columbia, Canada
    GlobeNewswire

    GT Gold provides operational update on Tatogga project in British Columbia, Canada

    VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) -- GT Gold Corp. ("GT Gold" or the "Company") (TSX-V: GTT; OTCQX: GTGDF) provides an update on operational activities at its Tatogga property located in the Golden Triangle region of northern British Columbia. "It is an exciting time at Tatogga, as we advance a Preliminary Economic Assessment (“PEA”) at Saddle North, progress toward geological modelling at Saddle South and continue to explore new targets on our highly prospective property,” said Paul Harbidge, President and Chief Executive Officer. “We anticipate delivering shareholder value as we achieve our milestones heading into 2021.”2020 Quash Pass exploration updateAs of October 20, 2020, the Company has completed its exploration drilling program at the Quash Pass target area, located approximately seven kilometres south of the known Saddle area mineralization. The contracted crew and drill rig were demobilized from site on October 25.In total, GT Gold has drilled nine diamond boreholes comprising 4,841 metres since the season began in early August. Drilling was completed at selected greenfield targets in the Quash Pass area, where two large-scale anomalous soil geochemical trends, spanning a strike length of at least six kilometres each have been identified and remain open. Induced Polarization (IP) geophysical surveys across the target area have returned coincident chargeability anomalies, and structural interpretations revealed district scale west-northwest trending faults.The Company is currently awaiting laboratory assay results for the majority of the drilled core and will be disclosing the results following their receipt, compilation, and interpretation.Saddle North Preliminary Economic Assessment progressGT Gold has selected Ausenco Canada Engineering Inc. (“Ausenco”) as the lead consultant for the Saddle North PEA. Ausenco has extensive recent experience and knowledge with mining projects in the Northwest/Skeena region of British Columbia. The PEA work is well underway toward a targeted release in the first quarter of 2021.The Company will be incorporating all additional metallurgical testwork results, which are now received in full from ALS Metallurgy, and which continue to favourably support the potential for a simple, conventional flowsheet for the processing facility and for a saleable concentrate with low levels of deleterious elements.Five samples were taken from within the potential open pit limits (three from the broader envelope of mineralization as well as two from high-grade mineralization) and four samples were selected from areas with underground mining potential, within the deeper high-grade core of mineralization. The metal recoveries varied between 85% to 92% for the copper and 57% to 69% for the gold.The mining options under consideration in the PEA continue to be a combination of: * a starter pit that accesses the mineral resources potentially extractable by surface mining methods to a vertical depth below surface of ±150 metres, which is situated within a hanging valley with favourable topography; and, * an underground bulk mining operation, accessing the higher-grade copper-gold mineralized core through a decline, which will have lower cost mining methods.The full details of the Saddle North mineral resource estimate are published in a Technical Report dated August 20, 2020 and titled "NI 43-101 Technical Report on the Saddle North Copper-Gold Project", which is available on the Company website (www.gtgoldcorp.ca) or under the Company profile on SEDAR (www.sedar.com).Saddle South core re-log programThe company is initiating a comprehensive re-log of all Saddle South drill core at our new core logging facility, situated at Bear Paw lodge on the Tatogga property. The re-log is similar to the one undertaken earlier this year to re-log the drill core and build a geological model at Saddle North.The re-log is part of a thorough program designed to include study work that is aimed to progress the Saddle South precious metal rich vein system through geological modelling in early 2021, to a maiden mineral resource estimate and economic evaluation by year-end.Qualified PersonResults for the metallurgical test program were provided and approved by Robin Kalanchey, P.Eng., of Ausenco Engineering Canada Inc, a Qualified Person for the purpose of National Instrument 43-101 (“NI 43-101”). Michael Skead, FAusIMM, Vice President Project Development at GT Gold is a qualified person under NI 43-101 and has reviewed and approved all other contents of this press release.About GT GoldGT Gold is focused on exploring for base and precious metals in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. The Company’s flagship asset is the wholly-owned, 46,827 hectare Tatogga property, located near Iskut, British Columbia, upon which it made two significant discoveries in 2017 and 2018 at its Saddle prospect: a precious metal rich vein system at Saddle South and a gold rich copper porphyry system at Saddle North. The Company recently released a maiden mineral resource estimate for Saddle North and is currently advancing the project towards a Preliminary Economic Assessment anticipated in early 2021.For further information, please contact:GT Gold Corp. Paul Harbidge President and Chief Executive Officer Tel: (236) 427 5744 Website: www.gtgoldcorp.caGT Gold Corp. Shawn Campbell Chief Financial Officer Tel: (236) 427 5744 info@gtgoldcorp.ca Cautionary Statement Regarding Forward Looking Statements This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.