Business
GGL Resources Corp. Announces Private Placement
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STA...
About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Resources Corp. Announces Private PlacementNOT 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 $500,000, to consist of the sale of up to 10,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one common share purchase warrant, with each warrant to entitle the holder to purchase one common share at an exercise price of $0.10 for a period of 24 months following the closing of the private placement.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 webs...