GGL Resources Corp. Closes Private Placement
GGL Resources Corp. (TSXV:GGL) has successfully closed its previously announced non-brokered private placement, raising total proceeds of $200,000 through the sale of 4,000,000 common shares at $0.05 per share. Company insiders purchased 3,200,000 shares of the total offering.
The securities issued are subject to a hold period in Canada until June 25, 2025. The funds will be allocated to exploration and development activities at the McConnell Copper-Gold Project in British Columbia's Kemess District and the Gold Point Project in Nevada's Walker Lane Trend, as well as for general working capital.
The insider participation constituted a related party transaction under TSX-V Policy 5.9 and MI 61-101, with GGL utilizing exemptions from formal valuation and minority shareholder approval requirements as insider participation did not exceed 25% of market capitalization.
GGL Resources Corp. (TSXV:GGL) ha chiuso con successo il suo collocamento privato non intermediato precedentemente annunciato, raccogliendo un totale di 200.000 dollari attraverso la vendita di 4.000.000 azioni ordinarie a 0,05 dollari per azione. I membri interni della società hanno acquistato 3.200.000 azioni dell'offerta totale.
Le securities emesse sono soggette a un periodo di blocco in Canada fino al 25 giugno 2025. I fondi saranno destinati ad attività di esplorazione e sviluppo presso il McConnell Copper-Gold Project nel distretto di Kemess, in Columbia Britannica, e il Gold Point Project nella Walker Lane Trend del Nevada, oltre che per il capitale circolante generale.
La partecipazione degli insider ha costituito una transazione con parti correlate secondo la Politica 5.9 di TSX-V e MI 61-101, con GGL che ha utilizzato esenzioni dai requisiti di valutazione formale e approvazione degli azionisti di minoranza poiché la partecipazione degli insider non ha superato il 25% della capitalizzazione di mercato.
GGL Resources Corp. (TSXV:GGL) ha cerrado con éxito su colocación privada no intermediada previamente anunciada, recaudando un total de $200,000 a través de la venta de 4,000,000 acciones ordinarias a $0.05 por acción. Los miembros internos de la empresa compraron 3,200,000 acciones de la oferta total.
Los valores emitidos están sujetos a un período de retención en Canadá hasta el 25 de junio de 2025. Los fondos se destinarán a actividades de exploración y desarrollo en el McConnell Copper-Gold Project en el distrito de Kemess de Columbia Británica y el Gold Point Project en la tendencia Walker Lane de Nevada, así como para capital de trabajo general.
La participación de los insiders constituyó una transacción con partes relacionadas según la Política 5.9 de TSX-V y MI 61-101, con GGL utilizando exenciones de los requisitos de valoración formal y aprobación de accionistas minoritarios, ya que la participación de los insiders no superó el 25% de la capitalización de mercado.
GGL Resources Corp. (TSXV:GGL)는 이전에 발표된 비중개 사모 배정을 성공적으로 마감하고, 주당 0.05달러에 4,000,000주를 판매하여 총 200,000달러의 수익을 올렸습니다. 회사 내부자는 총 제안의 3,200,000주를 구매했습니다.
발행된 증권은 2025년 6월 25일까지 캐나다에서 보유 기간이 적용됩니다. 자금은 브리티시컬럼비아의 케메스 지구에 있는 McConnell Copper-Gold Project와 네바다의 워커 레인 트렌드에 있는 Gold Point Project의 탐사 및 개발 활동에 할당되며, 일반 운영 자본에도 사용됩니다.
내부자의 참여는 TSX-V 정책 5.9 및 MI 61-101에 따른 관련 당사자 거래로 간주되며, GGL은 내부자의 참여가 시장 자본금의 25%를 초과하지 않았기 때문에 공식 평가 및 소수 주주 승인 요구 사항의 면제를 활용했습니다.
GGL Resources Corp. (TSXV:GGL) a réussi à finaliser son placement privé non intermédiaire précédemment annoncé, levant un total de 200 000 $ par la vente de 4 000 000 d'actions ordinaires à 0,05 $ par action. Les initiés de l'entreprise ont acheté 3 200 000 actions de l'offre totale.
Les titres émis sont soumis à une période de blocage au Canada jusqu'au 25 juin 2025. Les fonds seront alloués aux activités d'exploration et de développement du McConnell Copper-Gold Project dans le district de Kemess en Colombie-Britannique et du Gold Point Project dans la tendance Walker Lane au Nevada, ainsi qu'au fonds de roulement général.
La participation des initiés constituait une transaction avec des parties liées selon la Politique 5.9 de TSX-V et MI 61-101, GGL ayant utilisé des exemptions aux exigences d'évaluation formelle et d'approbation des actionnaires minoritaires, car la participation des initiés n'a pas dépassé 25 % de la capitalisation boursière.
GGL Resources Corp. (TSXV:GGL) hat erfolgreich seine zuvor angekündigte nicht vermittelte Privatplatzierung abgeschlossen und insgesamt 200.000 USD durch den Verkauf von 4.000.000 Stammaktien zu je 0,05 USD pro Aktie eingenommen. Unternehmensinsider haben 3.200.000 Aktien des Gesamtoffertes gekauft.
Die ausgegebenen Wertpapiere unterliegen in Kanada einer Haltedauer bis zum 25. Juni 2025. Die Mittel werden für Erkundungs- und Entwicklungsaktivitäten im McConnell Copper-Gold Project im Kemess-Distrikt in British Columbia und im Gold Point Project im Walker Lane Trend in Nevada sowie für allgemeines Betriebskapital verwendet.
Die Insider-Beteiligung stellte eine Transaktion mit nahestehenden Personen gemäß der TSX-V-Richtlinie 5.9 und MI 61-101 dar, wobei GGL Ausnahmen von den Anforderungen an die formelle Bewertung und die Genehmigung durch Minderheitsaktionäre nutzte, da die Insider-Beteiligung 25 % der Marktkapitalisierung nicht überschritt.
- Secured $200,000 in new funding for exploration and development
- Strong insider participation with 80% of shares purchased by company insiders
- Low share price of $0.05 indicates potential market weakness
- Significant insider buying could signal external investor interest
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / February 24, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL") announces that it has closed its previously announced non-brokered private placement for total proceeds of
All of the securities issued pursuant to the private placement are subject to a hold period in Canada until June 25, 2025. The proceeds from the private placement will be used for exploration and development activities at GGL's McConnell Copper-Gold Project in the Kemess District of northern British Columbia and the Gold Point Project in the Walker Lane Trend of western Nevada and for general working capital purposes.
Insiders of GGL purchased a total of 3,200,000 common shares in the private placement. The participation of these insiders constituted a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 - "Protection of Minority Security Holders in Special Transactions" ("MI 61-101"). GGL has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the private placement did not exceed
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. GGL 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. GGL 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"
Matthew Turner
Interim CEO and Director
For further information concerning GGL Resources Corp. or its various exploration projects please visit GGL's website at www.gglresourcescorp.com or contact:
Investor Inquiries Richard Drechsler Corporate Communications Tel: (604) 687-2522 NA Toll-Free: (888) 688-2522 |
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.
View the original press release on ACCESS Newswire
FAQ
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