Business
GGL Resources Corp. Announces Private Placements
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About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Resources Corp. Announces Private PlacementsNot for dissemination or distribution in the United States and not for distribution to United States newswire servicesVANCOUVER, BC / ACCESSWIRE / April 16, 2019 / GGL Resources Corp. (TSX-V: GGL) (\"GGL\" or the \"Company\") announces a non-brokered private placement offering (the \"Offering\") of up to $400,000. The Offering will consist of the sale of non-flow-through units at a price of $0.08 per unit and flow-through units at a price of $0.10 per flow-through unit. Each non-flow-through unit will consist of one non-flow-through common share and one non-transferable share purchase warrant, and each flow-through unit will consist of one flow-through common share and one non-transferable share purchase warrant.Each warrant from either of the flow-through or the non-flow-through units will entitle the holder to purchase one additional non-flow-through common share at a price of $0.15 for a period of three years from the closing of the private placements, provided that, in the event the volume weighted average trading price of GGL's common shares as traded on the TSX Venture Exchange is equal to or greater than $0.25 for a period of ten consecutive trading days subsequent to the expiry of the applicable hold period, GGL may give notice of an earlier expiry of the warrants, in which case the warrants would expire 30 calendar days from the giving of such notice.Insiders may participate in the private placement and finders' fees or brokers' commissions may be paid in accordance with TSX Venture Exchange policies.All securities issued as part of the Offering 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 for exploration and development activities on the Company's exploration projects and for general working capital purposes.ON BEHALF OF THE BOARD\"David Kelsch\"David Kelsch President, COO and DirectorFor further information concerning GGL Resources Corp. or its various exploration projects please visit our website at www.gglresourcescorp.com or contact: Corporate Information Linda Knight Corporate Secretary Tel: (604) 688-0546 [email protected] Investor Inquiries Richard Drechsler Corporate Communications Tel: (604) 687-2522, extensio...