GGL Resources Corp. Completes $200,000 Private Placement

GGL Resources Corp. has successfully closed its non-brokered private placement, raising a total of $200,000. This transaction involved the sale of 4,000,000 common shares at $0.05 per share. The raised funds will support exploration and development at GGL’s McConnell Copper-Gold Project in British Columbia and the Gold Point Project in Nevada, alongside general corporate needs.

Within this private placement, insiders acquired a significant portion, totaling 3,200,000 shares. Such participation is a related party transaction as defined by TSX-V Policy 5.9 and Multilateral Instrument 61-101. However, GGL was exempt from certain regulatory requirements since insider participation did not exceed 25% of the company’s market capitalization.