GGL Resources Corp. Closes Private Placement
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) ha concluso con successo il suo precedente collocamento privato non intermediazione, raccogliendo $300,000 tramite la vendita di 6.000.000 azioni ordinarie a $0,05 per azione. I titoli sono soggetti a un periodo di blocco fino al 15 dicembre 2024. I proventi finanzieranno l'esplorazione e lo sviluppo del Gold Point Project di GGL nel Walker Lane Trend del Nevada e forniranno capitale di funzionamento. È importante notare che gli insider hanno acquistato 5.400.000 azioni, costituendo una transazione tra parti correlate. GGL si è avvalsa di esenzioni dai requisiti di valutazione formale e approvazione da parte degli azionisti di minoranza, poiché la partecipazione degli insider non ha superato il 25% della capitalizzazione di mercato dell'azienda.
GGL Resources Corp. (TSXV:GGL) ha cerrado con éxito su colocación privada previamente anunciada sin intermediarios, recaudando $300,000 mediante la venta de 6,000,000 acciones ordinarias a $0,05 por acción. Los valores están sujetos a un período de restricción hasta el 15 de diciembre de 2024. Los fondos se utilizarán para financiar la exploración y el desarrollo del Gold Point Project de GGL en la tendencia Walker Lane de Nevada y proporcionar capital de trabajo. Cabe destacar que los internos compraron 5,400,000 acciones, constituyendo una transacción entre partes relacionadas. GGL se basó en exenciones de los requisitos de valoración formal y aprobación de accionistas minoritarios, ya que la participación de los internos no superó el 25% de la capitalización de mercado de la compañía.
GGL 리소스 Corp. (TSXV:GGL)는 이전에 발표한 중개 없이 사모 배정을 성공적으로 마감하며, $300,000을 모금하고 6,000,000주 보통주를 주당 $0.05에 판매했습니다. 이 증권은 2024년 12월 15일까지 보유 기간이 적용됩니다. 모금된 자금은 네바다 워커 레인 트렌드에 있는 GGL의 골드 포인트 프로젝트의 탐사 및 개발을 지원하고 운영 자본에 사용됩니다. 특히, 내부자들이 5,400,000주를 구매했습니다, 이는 관련 당사자 거래에 해당합니다. GGL은 내부자의 참여가 회사의 시장 가치의 25%를 초과하지 않았으므로 공식 평가 및 소수 주주 승인 요건에서 면제를 받았습니다.
GGL Resources Corp. (TSXV:GGL) a réussi à clôturer son placement privé non-intermédié précédemment annoncé, levant 300 000 $ par la vente de 6 000 000 d'actions ordinaires à 0,05 $ par action. Les titres sont soumis à une période de blocage jusqu'au 15 décembre 2024. Les fonds serviront à financer l'exploration et le développement du Gold Point Project de GGL dans la tendance Walker Lane du Nevada et à fournir des fonds de roulement. Il est à noter que les initiés ont acheté 5 400 000 actions, constituant une transaction entre parties liées. GGL a compté sur des exemptions aux exigences de valorisation formelle et d'approbation des actionnaires minoritaires, car la participation des initiés n'a pas dépassé 25 % de la capitalisation boursière de l'entreprise.
GGL Resources Corp. (TSXV:GGL) hat erfolgreich ihre zuvor angekündigte nicht vermittelte Privatplatzierung abgeschlossen und durch den Verkauf von 6.000.000 Stammaktien zu $0,05 pro Aktie $300.000 erzielt. Die Wertpapiere unterliegen bis zum 15. Dezember 2024 einer Haltedauer. Die Einnahmen werden die Erkundung und Entwicklung von GGLs Gold Point Project im Walker Lane Trend in Nevada finanzieren und Betriebskapital bereitstellen. Bemerkenswert ist, dass Insider 5.400.000 Aktien gekauft haben, was eine Transaktion mit verbundenen Parteien darstellt. GGL stützte sich auf Ausnahmen von den Anforderungen an die formale Bewertung und die Genehmigung durch Minderheitsaktionäre, da die Beteiligung der Insider 25% der Marktkapitalisierung des Unternehmens nicht überschritt.
- Successful closure of private placement raising $300,000
- Funds allocated for exploration and development of Gold Point Project
- Strong insider participation with 5,400,000 shares purchased
- Potential dilution of existing shareholders due to issuance of 6,000,000 new shares
VANCOUVER, BC / ACCESSWIRE / August 15, 2024 / 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 December 15, 2024. The proceeds from the private placement will be used for exploration and development activities at GGL's Gold Point Project in the Walker Lane Trend of western Nevada and for general working capital purposes.
Insiders of GGL purchased a total of 5,400,000 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, four of which host past producing high-grade mines, and an exciting new porphyry discovery. GGL 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 Columbia. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kué diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
W. Douglas Eaton
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 | Corporate Information |
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.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: GGL Resources Corp.
View the original press release on accesswire.com
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