GGL Resources Corp. Announces Closing of Initial Tranche of Private Placement
GGL Resources Corp. (TSX-V:GGL) has completed the initial tranche of its non-brokered private placement, raising $350,000 through the sale of 7 million units at $0.05 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.10 until July 24, 2027.
Company insiders participated by purchasing 980,000 units. The proceeds will fund exploration activities in the US and Canada, plus working capital needs. A second tranche may close by August 8, 2025. All securities are subject to a hold period until November 25, 2025.
GGL Resources Corp. (TSX-V:GGL) ha completato la prima tranche della sua offerta privata senza intermediari, raccogliendo 350.000 $ tramite la vendita di 7 milioni di unità al prezzo di 0,05 $ per unità. Ogni unità comprende un'azione ordinaria e un warrant, con i warrant esercitabili a 0,10 $ fino al 24 luglio 2027.
Gli insider della società hanno partecipato acquistando 980.000 unità. I proventi serviranno a finanziare attività di esplorazione negli Stati Uniti e in Canada, oltre alle necessità di capitale circolante. Una seconda tranche potrebbe chiudersi entro il 8 agosto 2025. Tutti i titoli sono soggetti a un periodo di blocco fino al 25 novembre 2025.
GGL Resources Corp. (TSX-V:GGL) ha completado la primera fase de su colocación privada sin intermediarios, recaudando 350.000 $ mediante la venta de 7 millones de unidades a 0,05 $ por unidad. Cada unidad incluye una acción común y una opción de compra (warrant), con las opciones ejercitables a 0,10 $ hasta el 24 de julio de 2027.
Los directivos de la empresa participaron comprando 980.000 unidades. Los fondos se destinarán a financiar actividades de exploración en EE. UU. y Canadá, además de necesidades de capital de trabajo. Una segunda fase podría cerrarse antes del 8 de agosto de 2025. Todos los valores están sujetos a un período de retención hasta el 25 de noviembre de 2025.
GGL Resources Corp. (TSX-V:GGL)는 중개인 없이 진행한 비공개 배정의 첫 번째 분할을 완료하여 7백만 단위를 단위당 0.05달러에 판매해 35만 달러를 조달했습니다. 각 단위에는 보통주 1주와 워런트 1장이 포함되며, 워런트는 2027년 7월 24일까지 주당 0.10달러에 행사할 수 있습니다.
회사 내부자들은 980,000 단위를 구매해 참여했습니다. 자금은 미국과 캐나다에서 탐사 활동과 운전자본 필요를 충당하는 데 사용될 예정입니다. 두 번째 분할은 2025년 8월 8일까지 마감될 수 있습니다. 모든 증권은 2025년 11월 25일까지 보유 기간이 적용됩니다.
GGL Resources Corp. (TSX-V:GGL) a complété la première tranche de son placement privé sans intermédiaire, levant 350 000 $ grâce à la vente de 7 millions d’unités au prix de 0,05 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,10 $ jusqu’au 24 juillet 2027.
Les initiés de la société ont participé en achetant 980 000 unités. Les fonds serviront à financer des activités d’exploration aux États-Unis et au Canada, ainsi que les besoins en fonds de roulement. Une seconde tranche pourrait être clôturée d’ici le 8 août 2025. Tous les titres sont soumis à une période de blocage jusqu’au 25 novembre 2025.
GGL Resources Corp. (TSX-V:GGL) hat die erste Tranche seiner nicht über Broker vermittelten Privatplatzierung abgeschlossen und dabei 350.000 $ durch den Verkauf von 7 Millionen Einheiten zu je 0,05 $ pro Einheit eingenommen. Jede Einheit besteht aus einer Stammaktie und einem Bezugsrecht (Warrant), das bis zum 24. Juli 2027 zum Preis von 0,10 $ ausgeübt werden kann.
Firmeninsider beteiligten sich durch den Kauf von 980.000 Einheiten. Die Erlöse werden zur Finanzierung von Explorationsaktivitäten in den USA und Kanada sowie zur Deckung des Betriebskapitals verwendet. Eine zweite Tranche könnte bis zum 8. August 2025 abgeschlossen werden. Alle Wertpapiere unterliegen einer Haltefrist bis zum 25. November 2025.
- None.
- Significant dilution with 7 million new units issued
- Low unit price of $0.05 indicates challenging market conditions
VANCOUVER, BC / ACCESS Newswire / July 24, 2025 / GGL Resources Corp. (TSX-V:GGL) ("GGL" or the "Company") announces that it has closed the initial tranche of its previously-announced non-brokered private placement for total proceeds of
The initial tranche consisted of the sale of a total of 7,000,000 units at a price of
All of the shares issued pursuant to the initial tranche, including any shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until November 25, 2025. The proceeds from this private placement will be used to fund exploration activities on the Company's United States and Canadian based exploration projects and for general working capital purposes.
Insiders of GGL purchased a total of 980,000 units pursuant to the initial tranche. The participation of these insiders in the initial 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 private placement does 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 | Corporate Information | |
Richard Drechsler | Linda Knight | |
Corporate Communications | Corporate Secretary | |
Tel: (604) 687-2522 | Tel: (604) 688-0546 | |
NA Toll-Free: (888) 688-2522 | ||
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
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