on GGL Resources Corp. (isin : CA36171B3002)
GGL Resources Corp. Announces Private Placement
Vancouver, BC – GGL Resources Corp. (TSXV:GGL) announced a non-brokered private placement offering. The offering includes the sale of up to 6,000,000 common shares at $0.05 per share, aiming to raise up to $300,000 in gross proceeds.
Insiders may participate, and finders' fees or brokers' commissions might be paid as per TSX Venture Exchange policies. Such insider participation will be considered a related party transaction under TSX-V Policy 5.9 and MI 61-101. GGL will rely on exemptions from certain requirements of MI 61-101, as the fair market value of related party participation will not exceed 25% of GGL's market capitalization.
The securities issued will be subject to a hold period of four months plus one day from closing in Canada. The proceeds will be used for general working capital, pending TSX Venture Exchange acceptance.
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