GGL Resources Corp. Announces Private Placement
GGL Resources Corp. (TSXV:GGL) has announced a private placement to raise up to $500,000 through the sale of up to 10 million units at $0.05 per unit. Each unit includes one common share and one warrant, with each warrant allowing the purchase of one common share at $0.10 for 24 months after closing.
The funds will be used for exploration activities on the company's U.S. and Canadian projects and working capital. The shares will have a 4-month plus one day hold period. Insiders may participate, and finders' fees may apply, subject to TSX Venture Exchange approval.
GGL Resources Corp. (TSXV:GGL) ha annunciato un collocamento privato per raccogliere fino a 500.000 dollari mediante la vendita di un massimo di 10 milioni di unità al prezzo di 0,05 dollari per unità. Ogni unità comprende una azione ordinaria e un warrant, con ciascun warrant che consente l'acquisto di una azione ordinaria a 0,10 dollari per un periodo di 24 mesi dopo la chiusura.
I fondi saranno utilizzati per attività di esplorazione sui progetti della società negli Stati Uniti e in Canada, oltre che per il capitale operativo. Le azioni saranno soggette a un periodo di blocco di 4 mesi più un giorno. Gli insider potranno partecipare e potranno essere applicate commissioni ai procacciatori, previa approvazione della TSX Venture Exchange.
GGL Resources Corp. (TSXV:GGL) ha anunciado una colocación privada para recaudar hasta 500,000 dólares mediante la venta de hasta 10 millones de unidades a 0.05 dólares por unidad. Cada unidad incluye una acción común y un warrant, que permite la compra de una acción común a 0.10 dólares durante 24 meses después del cierre.
Los fondos se utilizarán para actividades de exploración en los proyectos de la empresa en EE.UU. y Canadá, así como para capital de trabajo. Las acciones tendrán un período de retención de 4 meses más un día. Los insiders pueden participar y podrían aplicarse comisiones a los intermediarios, sujeto a la aprobación de la Bolsa de Valores TSX Venture.
GGL Resources Corp. (TSXV:GGL)는 단위당 0.05달러에 최대 1,000만 단위를 판매하여 최대 50만 달러를 조달하는 사모 발행을 발표했습니다. 각 단위는 보통주 1주와 워런트 1주를 포함하며, 워런트는 마감 후 24개월 동안 0.10달러에 보통주 1주를 구매할 수 있는 권리를 제공합니다.
자금은 회사의 미국 및 캐나다 프로젝트 탐사 활동과 운영 자본에 사용될 예정입니다. 주식은 4개월 및 1일 보유 기간이 적용됩니다. 내부자도 참여할 수 있으며, TSX 벤처 거래소의 승인을 조건으로 소개 수수료가 적용될 수 있습니다.
GGL Resources Corp. (TSXV:GGL) a annoncé un placement privé visant à lever jusqu'à 500 000 $ par la vente de jusqu'à 10 millions d’unités au prix de 0,05 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, chaque bon permettant l'achat d'une action ordinaire à 0,10 $ pendant 24 mois après la clôture.
Les fonds seront utilisés pour financer les activités d’exploration des projets de la société aux États-Unis et au Canada ainsi que le fonds de roulement. Les actions seront soumises à une période de blocage de 4 mois plus un jour. Les initiés peuvent participer, et des frais de courtage peuvent s’appliquer, sous réserve de l’approbation de la Bourse de croissance TSX.
GGL Resources Corp. (TSXV:GGL) hat eine Privatplatzierung angekündigt, um bis zu 500.000 USD durch den Verkauf von bis zu 10 Millionen Einheiten zu je 0,05 USD pro Einheit zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei jeder Warrant den Kauf einer Stammaktie zu 0,10 USD für 24 Monate nach dem Abschluss ermöglicht.
Die Mittel werden für Explorationsaktivitäten der US-amerikanischen und kanadischen Projekte des Unternehmens sowie für das Betriebskapital verwendet. Die Aktien unterliegen einer Haltefrist von 4 Monaten plus einem Tag. Insider können teilnehmen, und Vermittlungsgebühren können anfallen, vorbehaltlich der Genehmigung durch die TSX Venture Exchange.
- Potential to raise up to $500,000 for exploration and working capital
- Warrant exercise could bring additional $1 million if fully exercised at $0.10 per share
- Significant dilution with 10 million new units being issued
- Low unit price of $0.05 suggests challenging market conditions
- Additional dilution possible through warrant exercise
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / June 24, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") announces a private placement of up to
All of the shares issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of the warrants, will be subject to a hold period in Canada of four months plus one day from closing. The proceeds from this private placement, which is subject to TSX Venture Exchange acceptance, 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 may participate in the private placement and finders' fees or brokers' commissions may be paid in accordance with TSX Venture Exchange policies.
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
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.
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.
Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions, and expectations; they are not guarantees of future performance. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "succeed", "advancements", "under-evaluated", and similar expressions, or that events or conditions "may", "could", or "will" occur. GGL cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the control of GGL. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, including the results of the recently completed drill program, the impact on future mineral resource estimates, the potential for new discoveries, and the results of future metallurgical programs, as well as the ability of GGL to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks, and uncertainties, including those described in GGL's financial statements available under the GGL profile at www.sedarplus.ca. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GGL undertakes no obligation to publicly update or revise forward-looking information.
SOURCE: GGL Resources Corp.
View the original press release on ACCESS Newswire
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