GGL Resources Corp. Announces Further Update Regarding Private Placement
GGL Resources Corp. (TSXV:GGL) has received approval from the TSX Venture Exchange for a 30-day extension to close the second and final tranche of its private placement. The company aims to raise up to $150,000 through the sale of 3,000,000 units at $0.05 per unit.
Each unit includes one common share and one share purchase warrant, allowing holders to purchase an additional common share at $0.10 for two years from closing. The closing is expected by October 8, 2025.
GGL Resources Corp. (TSXV:GGL) ha ottenuto l'approvazione dalla TSX Venture Exchange per una proroga di 30 giorni per completare la seconda e ultima tranche della sua collocazione privata. La società punta a raccogliere fino a $150.000 mediante la vendita di 3.000.000 di unità a $0,05 per unità.
Ogni unità comprende una azione ordinaria e una warrant che dà diritto ai possessori di acquistare un'ulteriore azione ordinaria a $0,10 entro due anni dalla chiusura. La chiusura è prevista entro il 8 ottobre 2025.
GGL Resources Corp. (TSXV:GGL) ha recibido la aprobación de la TSX Venture Exchange para una prórroga de 30 días para cerrar la segunda y última tranche de su colocación privada. La compañía pretende recaudar hasta $150,000 mediante la venta de 3,000,000 de unidades a $0.05 por unidad.
Cada unidad incluye una acción ordinaria y una warrant que permite a los tenedores comprar una acción ordinaria adicional a $0.10 durante dos años desde el cierre. El cierre se espera para el 8 de octubre de 2025.
GGL Resources Corp. (TSXV:GGL)는 사모 발행의 두 번째이자 마지막 트랜치 종료를 위해 TSX 벤처 거래소로부터 30일 연장 승인을 받았습니다. 회사는 단위당 $0.05에 3,000,000 단위를 판매해 최대 $150,000를 조달하는 것을 목표로 하고 있습니다.
각 단위에는 보통주 1주와 보통주 추가 매수 권리인 워런트 1장이 포함되며, 보유자는 종결일로부터 2년간 $0.10에 추가 보통주 1주를 매수할 수 있습니다. 종결은 2025년 10월 8일까지로 예상됩니다.
GGL Resources Corp. (TSXV:GGL) a obtenu l'approbation de la TSX Venture Exchange pour une prolongation de 30 jours afin de clôturer la deuxième et dernière tranche de son placement privé. La société vise à lever jusqu'à $150,000 par la vente de 3,000,000 d'unités à $0.05 l'unité.
Chaque unité comprend une action ordinaire et un bon de souscription permettant aux détenteurs d'acheter une action ordinaire supplémentaire à $0.10 pendant deux ans à compter de la clôture. La clôture est prévue d'ici le 8 octobre 2025.
GGL Resources Corp. (TSXV:GGL) hat von der TSX Venture Exchange eine 30-tägige Verlängerung zur Schließung der zweiten und letzten Tranche ihrer Privatplatzierung genehmigt bekommen. Das Unternehmen beabsichtigt, bis zu $150.000 durch den Verkauf von 3.000.000 Einheiten zu je $0,05 zu beschaffen.
Jede Einheit umfasst eine Stammaktie und einen Kaufwarrant, der den Inhabern erlaubt, innerhalb von zwei Jahren ab Abschluss eine zusätzliche Stammaktie zum Preis von $0,10 zu erwerben. Der Abschluss wird bis zum 8. Oktober 2025 erwartet.
- Secured TSX Venture Exchange approval for extension
- Potential to raise additional $150,000 in capital
- Delay in closing the private placement indicates potential challenges in securing investors
- Significant dilution potential with 3,000,000 new units and additional warrants
VANCOUVER, BC / ACCESS Newswire / September 8, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") announces that it has applied for and been granted by the TSX Venture Exchange a further thirty day extension for the closing of the second and final tranche of its private placement as initially announced on June 24, 2025, and as updated on August 11, 2025.
The second tranche will consist of the sale of up to 3,000,000 units at a price of
GGL anticipates the closing of the second tranche will occur on or before October 8, 2025 - further information in this regard will be disseminated in due course.
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
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