Vancouver, BC – July 17, 2024 – GGL Resources Corp. (TSX-V: GGL) (“GGL”) announces a non-brokered private placement offering (the “Offering”), to consist of the sale of up to 6,000,000 common shares at a price of $0.05 per share, to raise gross proceeds of up to $300,000.
Insiders may participate in the private placement and finders’ fees or brokers’ commissions may be paid in accordance with TSX Venture Exchange policies. Any insider participation in the private placement will constitute a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – “Protection of Minority Security Holders in Special Transactions” (“MI 61-101”). In that regard, GGL will rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101on the basis that the fair market value (as determined under MI 61-101) of related party participation in the private placement will not exceed 25% of GGL’s market capitalization.
All securities issued as part of the Offering will be subject to a hold period in Canada of four months plus one day from closing. The proceeds from the Offering, which is subject to TSX Venture Exchange acceptance, will be used for general working capital purposes.
About GGL Resources Corp.
GGL is a seasoned, Canadian-based junior exploration company, focused on the exploration and advancement of under evaluated mineral assets in politically stable, mining friendly jurisdictions. GGL has optioned and wholly owned claims in the Gold Point district of the prolific Walker Lane Trend, Nevada. The Gold Point claims cover several gold-silver veins, four of which host past producing high-grade mines, and an exciting new porphyry discovery. GGL also owns the McConnell Project, which hosts epithermal gold veins and an under explored porphyry copper-gold prospect in the Kemess District of north-central British Columbia. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kué diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
“W. Douglas Eaton”
Doug Eaton
CEO and Director
For further information concerning GGL Resources Corp. or its various exploration projects please visit GGL’s website at www.gglresourcescorp.com or contact:
| Investor Inquiries Richard Drechsler Corporate Communications Tel: (604) 687-2522 NA Toll-Free: (888) 688-2522 rdrechsler@strategicmetalsltd.com | Corporate Information Linda Knight Corporate Secretary Tel: (604) 688-0546 info@gglresourcescorp.com |
