GGL Resources Corp. Announces Closing of Final Tranche of Private Placement
GGL Resources (OTC:GGLXF) closed the second and final tranche of a non-brokered private placement on October 9, 2025, raising total proceeds of $75,000. The final tranche sold 1,500,000 units at $0.05 per unit; each unit includes one common share and one warrant exercisable at $0.10 until October 9, 2027. Shares issued and any shares from warrant exercises are subject to a Canadian hold period until February 10, 2026. Proceeds will fund exploration on GGL's U.S. and Canadian projects and general working purposes. An insider purchased 200,000 units, and the company relied on MI 61-101 exemptions for that related-party participation.
GGL Resources (OTC:GGLXF) ha chiuso la seconda e ultima tranche di una collocazione privata non brokerata il 9 ottobre 2025, portando i proventi totali a $75,000. La tranche finale ha venduto 1.500.000 quote a $0.05 per quota; ogni quota comprende una azione ordinaria e un warrant exercisable a $0.10 fino al 9 ottobre 2027. Le azioni emesse e eventuali azioni derivanti dall’esercizio dei warrant sono soggette a un periodo di conservazione canadese fino al 10 febbraio 2026. I proventi finanzieranno l’esplorazione sui progetti di GGL negli Stati Uniti e in Canada e le attività operative generali. Un insider ha acquistato 200.000 quote, e la società si è avvalsa delle esenzioni MI 61-101 per quella partecipazione di parte correlata.
GGL Resources (OTC:GGLXF) cerró la segunda y última tranche de una colocación privada no gestionada por un corredor el 9 de octubre de 2025, elevando los ingresos totales a $75,000. La tranche final vendió 1,500,000 unidades a $0.05 por unidad; cada unidad incluye una acción común y un warrant ejercitable a $0.10 hasta el 9 de octubre de 2027. Las acciones emitidas y cualquier acción resultante del ejercicio de warrants están sujetas a un periodo de retención canadiense hasta el 10 de febrero de 2026. Los ingresos financiarán la exploración en los proyectos de GGL en EE. UU. y Canadá y fines operativos generales. Un insider compró 200,000 unidades, y la empresa se basó en las exenciones MI 61-101 para esa participación de una parte relacionada.
GGL Resources (OTC:GGLXF) 비브로커리지 비공개 배정의 두 번째이자 최종 트랜치를 2025년 10월 9일에 마감했고 총 수익은 $75,000입니다. 마지막 트랜치는 1,500,000 유닛을 $0.05에 매각했으며, 각 유닛에는 보통주 한 주와 $0.10의 행사 가능한 워런트가 포함되어 2027년 10월 9일까지 행사할 수 있습니다. 발행된 주식 및 워런트 행사로 인한 주식은 2026년 2월 10일까지 캐나다 보유 기간의 대상입니다. 수익은 GGL의 미국 및 캐나다 프로젝트의 탐사와 일반 운영비용에 사용할 예정입니다. 내부자 한 명이 200,000 유닛을 구입했고, 해당 관련 당사자 참여에 대해 MI 61-101 면제를 적용했습니다.
GGL Resources (OTC:GGLXF) a clôturé la deuxième et dernière tranche d’un placement privé non-brokered le 9 octobre 2025, portant le produit total à $75,000. La tranche finale a vendu 1 500 000 unités à $0,05 par unité; chaque unité comprend une action ordinaire et un warrant exerçable à $0,10 jusqu’au 9 octobre 2027. Les actions émises et les actions issues de l’exercice des warrants sont soumises à une période de conservation canadienne jusqu’au 10 février 2026. Le produit sera utilisé pour financer l’exploration sur les projets de GGL aux États‑Unis et au Canada et pour les besoins généraux de fonds de roulement. Un initié a acheté 200 000 unités, et la société s’est appuyée sur les exemptions MI 61-101 pour cette participation d’une partie liée.
GGL Resources (OTC:GGLXF) schloss die zweite und abschließende Tranche einer nicht brokered privaten Platzierung am 9. Oktober 2025 ab und erzielte Gesamtmitteln von $75.000. Die letzte Tranche verkaufte 1.500.000 Anteile zu $0,05 pro Anteil; jeder Anteil umfasst eine Stammaktie und eine warrant exercisable zu $0,10 bis zum 9. Oktober 2027. Die ausgegebenen Aktien und alle Aktien aus der Ausübung der Warrants unterliegen einer kanadischen Haltefrist bis zum 10. Februar 2026. Die Mittel dienen der Finanzierung der Exploration auf GGLs Projekten in den USA und Kanada sowie allgemeinen Betriebskosten. Ein Insider hat 200.000 Anteile gekauft, und das Unternehmen nutzte Ausnahmen nach MI 61-101 für diese Related-Party-Teilnahme.
GGL Resources (OTC:GGLXF) أغلقت الطبقة الثانية والأخيرة من طرح خاص غير وسيط في 9 أكتوبر 2025، محققة إجمالي عوائد قدره $75,000. باعت الطبقة الأخيرة 1,500,000 وحدة بسعر $0.05 للوحدة؛ تتضمن كل وحدة سهماً عائداً واحداً و WARRANT يمكن ممارسته بسعر $0.10 حتى 9 أكتوبر 2027. الأسهم المصدرة وأي أسهم من تمارين warrants تخضع لفترة حجز كندية حتى 10 فبراير 2026. ستستخدم العوائد لتمويل الاستكشاف في مشاريع GGL في الولايات المتحدة وكندا ولغايات تشغيلية عامة. اشترى داخلي م参与 واحد 200,000 وحدة، واتبعت الشركة استثناءات MI 61-101 لهذه المشاركة من أطراف ذات صلة.
GGL Resources (OTC:GGLXF) 已完成一个非经纪私募的第二期也是最后一期募集，日期为2025年10月9日，总募集金额为$75,000。最后一笔募集以每单位$0.05的价格出售了1,500,000单位；每单位包含一股普通股和一个可在2027年10月9日前行使的认股权证，行使价为$0.10。发行的股票及通过认股权证取得的股票均须遵守加拿大锁定期，直至2026年2月10日。募集资金将用于资助GGL在美国和加拿大的项目勘探及一般运营用途。一名内部人士购买了200,000单位，公司就该相关方参与事项采用了MI 61-101豁免。
- Private placement raised $75,000 on October 9, 2025
- Issued 1,500,000 units to fund exploration programs
- Warrants exercisable at $0.10 until October 9, 2027
- Potential dilution from 1,500,000 warrants if exercised
- Insider bought 200,000 units, triggering related‑party rules
- Shares and warrant shares locked until February 10, 2026
VANCOUVER, BC / ACCESS Newswire / October 9, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") announces that it has closed the second and final tranche of its previously-announced non-brokered private placement for total proceeds of
All of the shares issued pursuant to the final tranche, including any shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until February 10, 2026. The proceeds from the final tranche will be used to fund exploration activities on GGL's United States and Canadian based exploration projects and for general working purposes.
An insider of GGL purchased a total of 200,000 units in the final tranche. The participation of this insider in the final tranche constituted 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"). GGL has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the final tranche did not exceed
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. The Company 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, five of which host past producing high-grade mines, as well as an exciting new porphyry target which is currently under option to Teck. The Company also owns the McConnell Project, which hosts mesothermal 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 and southwest of the Ekati diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
"Matthew Turner"
Interim Chief Executive Officer and Director
For further information concerning GGL Resources Corp. or its various exploration projects please visit our 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
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
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.
SOURCE: GGL Resources Corp.
View the original press release on ACCESS Newswire
FAQ
How much did GGL Resources (GGLXF) raise in the final tranche on October 9, 2025?
What securities were issued in GGL's October 9, 2025 private placement?
When do shares from GGL's private placement become tradable in Canada?
Did any insiders participate in GGL's October 9, 2025 financing?
How will GGL use the proceeds from the $75,000 private placement?
