Business
GGL Resources Corp. Announces Shares for Services Agreement
VANCOUVER, BC / ACCESSWIRE / June 5, 2019 / GGL Resources Corp. (TSX-V: GGL) ("GGL" or the "C...
About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Resources Corp. Announces Shares for Services AgreementVANCOUVER, BC / ACCESSWIRE / June 5, 2019 / GGL Resources Corp. (TSX-V: GGL) (\"GGL\" or the \"Company\") announces that it has entered into a \"shares for services agreement\" with Dave Kelsch Consulting Ltd. (\"Kelsch Consulting\"), a private company owned by David Kelsch, GGL's President, Chief Operating Officer and a Director, pursuant to the provisions of TSX Venture Exchange (the \"Exchange\") Policy 4.3. Pursuant to the agreement, Kelsch Consulting, which provides geological and other consulting services to GGL, will receive a minimum of 30% of its monthly consulting fee in cash, with the remaining amount to be satisfied by the issuance of GGL common shares, which shares will be issued at a deemed price per share equal to the volume weighted average price of GGL's shares as traded on the Exchange calculated at the end of each month in which the services are provided minus 50% of the discount permitted under applicable Exchange policies. The shares will be issued semi-annually and will be subject to a four month and one day hold period commencing upon the date of issuance. This agreement is subject to Exchange acceptance.About GGL Resources Corp.GGL is a Canadian-based junior exploration company focused on diamond exploration in Canada's north with key projects in Nunavut as well as the Lac de Gras diamond district in the Northwest Territories. Lac de Gras is home to Canada's first two diamond mines, the world class Diavik and Ekati mines discovered in the 1990's. In addition to GGL's key focus of diamond exploration, it holds diamond Royalties on mineral leases in close proximity to the Gahcho Kué diamond mine in the Northwest Territories. The Company also holds in portfolio several encouraging base metal and gold projects in British Columbia and the Northwest Territories.ON BEHALF OF THE BOARD\"W. Douglas Eaton\"W. Douglas Eaton Chief Executive Officer 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 NA Toll-Free: (888) 688-2522 [email protected]...