Ggl Resources - GGLXF STOCK NEWS

GGL Resources Corp. (TSXV:GGL) has provided an update on its two key assets: the McConnell copper-gold project in northern BC and the Gold Point gold project in Nevada. The McConnell Project, located in the Toodoggone mining district, features a 12 km long shear hosted gold zone and copper-gold porphyry targets. Historical drilling returned multiple one-meter intervals of 10-15 g/t Au, while surface samples showed 0.5-20% Cu and 1-2 g/t Au.

The Gold Point Project in Nevada encompasses five former mines and covers approximately 7,400 acres. Underground sampling at the Orleans Mine revealed significant gold grades, including 61.8 g/t Au over 1.38m. The company plans to advance both projects in 2025, with Gold Point exploration focusing on evaluating untested on-strike potential and high-grade unmined material. Additionally, GGL has optioned the Le Champ copper-molybdenum-gold porphyry target at Gold Point to Teck American Incorporated.

GGL Resources Corp. (TSXV:GGL) has announced a non-brokered private placement offering to raise up to $200,000 through the sale of 4,000,000 common shares at $0.05 per share. The proceeds will fund exploration activities at the McConnell Copper-Gold Project in BC and the Gold Point Project in Nevada, along with working capital needs.

The company also announced significant management changes, with Doug Eaton stepping down as CEO and Director. Matthew Turner, a current Director, has been appointed as Interim CEO and granted 150,000 stock options at $0.05 per share, vesting quarterly until January 29, 2030.

The private placement securities will have a four-month plus one-day hold period, and the offering is subject to TSX Venture Exchange approval. Insiders may participate, and finder's fees may apply according to exchange policies.

GGL Resources Corp. has announced that Teck American Incorporated, a subsidiary of Teck Resources , has entered into an Option agreement for GGL's Le Champ copper-molybdenum-gold porphyry target on its West Gold Point Project in Nevada. The Option covers 180 lode claims spanning 1,501 hectares. Key terms include:

- Annual claim maintenance payments ($53,000) paid by Teck
- Cash payments totaling $1.4 million over four years
- $2 million milestone payment upon production decision
- GGL retains a 2% NSR with buy-back options

The Le Champ target features a large 1.8 km by 1.0 km IP anomaly, coinciding with a strong magnetic anomaly and anomalous copper, molybdenum, and gold in soil geochemistry. The target has not been historically drill-tested and is believed to mark the upper levels of a buried porphyry system.

GGL Resources Corp. (TSXV:GGL) has successfully closed its previously announced non-brokered private placement, raising $300,000 through the sale of 6,000,000 common shares at $0.05 per share. The securities are subject to a hold period until December 15, 2024. Proceeds will fund exploration and development at GGL's Gold Point Project in Nevada's Walker Lane Trend and provide working capital. Notably, insiders purchased 5,400,000 shares, constituting a related party transaction. GGL relied on exemptions from formal valuation and minority shareholder approval requirements, as insider participation did not exceed 25% of the company's market capitalization.

GGL Resources Corp. (TSXV:GGL) has announced a non-brokered private placement offering to raise up to $300,000. The company plans to sell up to 6,000,000 common shares at a price of $0.05 per share. Insiders may participate, and finders' fees or brokers' commissions may be paid in accordance with TSX Venture Exchange policies. The company will rely on exemptions from formal valuation and minority shareholder approval requirements for any insider participation. All securities issued will have a four-month plus one day hold period in Canada from closing. The proceeds will be used for general working capital purposes. The offering is subject to TSX Venture Exchange acceptance.

GGL Resources has closed the final tranche of a private placement, issuing 2.8 million common shares to ECEE Money, a company controlled by its CEO, W. Douglas Eaton. This raised $140,000, with shares priced at $0.05 each.

Shareholder approval was obtained on May 17, 2024, following the initial announcement on February 13, 2024. The transaction qualified as a related party transaction under TSX-V and MI 61-101 guidelines, but GGL utilized an exemption from formal valuation requirements.

The funds will be allocated to exploration and development at GGL's Gold Point Project in Nevada and general working capital. The issued shares will be under a hold period in Canada until October 1, 2024.

GGL Resources Corp. announces promising results of an Induced Polarization/Resistivity survey at the Le Champ copper-molybdenum-gold porphyry target in Nevada. The survey revealed a significant IP anomaly correlated with magnetic features and anomalous geochemistry, indicating a potentially large copper-molybdenum-gold system. The company plans a diamond drill program to further explore the area.

GGL Resources Corp. (TSXV:GGL) has closed the initial tranche of a non-brokered private placement offering, selling 3,200,000 common shares at $0.05 per share for gross proceeds of $160,000. Insiders like Matthew Turner, Strategic Metals , and Dave Kelsch Consulting participated in the placement. GGL will seek disinterested shareholder approval for ECEE Money 's subscription for 2,800,000 shares. The securities issued are subject to a hold period until July 28, 2024, with proceeds to be used for exploration and development at GGL's Gold Point Project in Nevada.

GGL Resources Corp. (TSXV:GGL) announces a non-brokered private placement offering to raise up to $300,000 through the sale of 6,000,000 common shares at $0.05 per share. The proceeds will be used for exploration at the Gold Point Project in Nevada. The company has commenced an Induced Polarization Survey at the Le Champ target, showing promising copper-molybdenum mineralization potential.