GT Gold Corp. (TSX-V:GTT) is pleased to report that it has closed its previously announced brokered private placement, including full exercise of the agents’ over-allotment option, for aggregate gross proceeds of $5,750,000. The Offering was conducted under the terms of an agency agreement between the Company and Haywood Securities Inc., M Partners Inc., and PI Financial Corp. The Offering involved the sale of 6,764,706 common shares of the Company at a price of $0.85 per share. Shares issued in the Offering will be subject to a resale hold period in Canada expiring December 18, 2017. In connection with the Offering, the Company will pay commissions totalling $345,000. Upon the closing of the Offering, the Company had a total of 79,330,188 common shares issued and outstanding.

The net proceeds received by the Company from the Offering will be used for exploration of the Company’s new Saddle gold discovery in British Columbia, and for working capital and general corporate purposes.

About GT Gold

GT Gold Corp. is a new company focused on exploring for gold in the geologically fertile terrain of British Columbia’s Golden Triangle. The company’s flagship asset is the wholly-owned Tatogga property, located off highway 37 in northern B.C., upon which the Company has found (press release, July 25, 2017), at its Saddle prospect, a previously unknown, entirely new, high grade gold system. Drilling of this new discovery is expected to continue into early fall.