GGL Resources Corp. Announces Private Placement and Board and Management Changes
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. (TSXV:GGL) ha annunciato un'offerta di collocamento privato non intermediato per raccogliere fino a $200.000 attraverso la vendita di 4.000.000 azioni ordinarie a $0,05 per azione. I proventi finanzieranno le attività di esplorazione presso il McConnell Copper-Gold Project in BC e il Gold Point Project in Nevada, insieme alle esigenze di capitale circolante.
L'azienda ha inoltre annunciato cambiamenti significativi nella gestione, con Doug Eaton che si dimette da CEO e Direttore. Matthew Turner, attuale Direttore, è stato nominato CEO ad interim e gli sono stati concessi 150.000 opzioni su azioni a $0,05 per azione, che matureranno trimestralmente fino al 29 gennaio 2030.
I titoli del collocamento privato avranno un periodo di blocco di quattro mesi più un giorno, e l'offerta è soggetta all'approvazione della TSX Venture Exchange. I membri interni possono partecipare e potrebbero essere applicate commissioni di intermediazione secondo le politiche di scambio.
GGL Resources Corp. (TSXV:GGL) ha anunciado una oferta de colocación privada no mediada para recaudar hasta $200.000 mediante la venta de 4.000.000 de acciones ordinarias a $0,05 por acción. Los ingresos financiarán las actividades de exploración en el McConnell Copper-Gold Project en BC y el Gold Point Project en Nevada, junto con las necesidades de capital de trabajo.
La compañía también anunció cambios significativos en la gestión, con Doug Eaton renunciando como CEO y Director. Matthew Turner, un Director actual, ha sido nombrado CEO interino y se le han otorgado 150.000 opciones sobre acciones a $0,05 por acción, que se consolidarán trimestralmente hasta el 29 de enero de 2030.
Los valores del colocación privada tendrán un período de embargo de cuatro meses más un día, y la oferta está sujeta a la aprobación de la TSX Venture Exchange. Los miembros internos pueden participar y se pueden aplicar comisiones de intermediación según las políticas de la bolsa.
GGL 리소스 Corp. (TSXV:GGL)은 4,000,000주의 보통주를 주당 $0.05에 판매하여 최대 $200,000를 모금하는 비중개 개인 배치를 발표했습니다. 수익금은 BC의 McConnell Copper-Gold Project와 네바다의 Gold Point Project에서 탐사 활동과 운영 자본 필요를 지원하는 데 사용됩니다.
회사는 또한 Doug Eaton이 CEO 및 이사직에서 사임하는 중요한 경영진 변화를 발표했습니다. 현재 이사인 Matthew Turner가 임시 CEO로 임명되었으며, $0.05 주당 150,000주 분의 주식 옵션이 부여되고, 2030년 1월 29일까지 분기별로 귀속됩니다.
개인 배치 증권은 4개월 및 하루의 보유 기간이 있으며, 이 제안은 TSX 벤처 거래소의 승인을 받아야 합니다. 내부자는 참여할 수 있으며, 거래소 정책에 따라 찾기 수수료가 적용될 수 있습니다.
GGL Resources Corp. (TSXV:GGL) a annoncé une offre de placement privé sans courtier pour lever jusqu'à 200 000 $ par la vente de 4 000 000 d'actions ordinaires à 0,05 $ par action. Les fonds serviront à financer les activités d'exploration au McConnell Copper-Gold Project en Colombie-Britannique et au Gold Point Project au Nevada, ainsi qu'aux besoins en fonds de roulement.
La société a également annoncé d'importants changements de direction, avec Doug Eaton qui démissionne de son poste de PDG et de directeur. Matthew Turner, un directeur actuel, a été nommé PDG par intérim et a reçu 150 000 options d'achat d'actions à 0,05 $ par action, qui se libéreront trimestriellement jusqu'au 29 janvier 2030.
Les titres de la placement privé auront une période de détention de quatre mois plus un jour, et l'offre est soumise à l'approbation de la TSX Venture Exchange. Les initiés peuvent participer et des frais de courtage peuvent être appliqués conformément aux politiques de la bourse.
GGL Resources Corp. (TSXV:GGL) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 200.000 USD durch den Verkauf von 4.000.000 Stammaktien zu einem Preis von 0,05 USD pro Aktie zu sammeln. Die Erlöse werden die Explorationsaktivitäten im McConnell Copper-Gold-Projekt in BC und im Gold Point-Projekt in Nevada sowie den Arbeitskapitalbedarf finanzieren.
Das Unternehmen gab auch wesentliche Änderungen im Management bekannt, wobei Doug Eaton als CEO und Direktor zurücktritt. Matthew Turner, der derzeitige Direktor, wurde zum Interims-CEO ernannt und erhielt 150.000 Aktienoptionen zu je 0,05 USD pro Aktie, die vierteljährlich bis zum 29. Januar 2030 fällig werden.
Die Wertpapiere der Privatplatzierung unterliegen einer Haltedauer von vier Monaten plus einem Tag, und das Angebot steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange. Insider können teilnehmen, und es können Vermittlungsgebühren gemäß den Austauschrichtlinien anfallen.
- Secured potential funding of $200,000 through private placement
- Planned exploration activities at two key projects (McConnell and Gold Point)
- Recent successful option agreement with Teck American for Le Champ Porphyry target
- CEO resignation indicates leadership instability
- Low share price of $0.05 suggests challenging market conditions
- Dilutive effect of new share issuance on existing shareholders
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / January 29, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") announces a non-brokered private placement offering (the "Offering") to consist of the sale of up to 4,000,000 common shares at a price of
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 the Offering, which is subject to TSX Venture Exchange acceptance, will be used for exploration and development activities at the Company's McConnell Copper-Gold Project in the Kemess District of northern BC and the Gold Point Project in the Walker Lane Trend of western Nevada and for general working capital purposes.
Board and Management Changes
GGL announces the resignation of Doug Eaton as CEO and Director. Matthew Turner, a Director of GGL, will succeed Mr. Eaton as CEO on an interim basis.
"On behalf of the GGL Board and Shareholders, I want to sincerely thank Doug for his work over the past eight years as CEO of GGL and wish him the best in his future endeavors," stated Matthew Turner, GGL's Interim CEO. "Doug was instrumental in steering the Company from a chiefly diamond focused portfolio to a more diverse suite of precious and base metal projects, including GGL's evaluation of underexplored areas of Nevada, culminating in the recent staking and subsequent option of the Le Champ Porphyry target to Teck American Incorporated."
GGL has granted Matthew Turner incentive stock options entitling him to purchase up to a total of 150,000 common shares at a price of
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 American Incorporated. The Company also owns the McConnell Project, which hosts epithermal gold veins and an under explored porphyry copper-gold prospect in the Kemess District of north-central British Colombia. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kué diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
"Matthew Turner"
Matthew Turner
Director and Interim CEO
For further information concerning GGL Resources Corp. or its various exploration projects please visit our website at www.gglresourcescorp.com or contact:
Investor Inquiries | Corporate Information |
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 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release does not constitute an offer of securities for sale, 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 "evaluate", "potential", "likely", "possible", "consistent", "suggest", "delineate", 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.
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FAQ
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