GGL Resources Corp. Announces Further Update Regarding Private Placement
GGL Resources Corp. (TSXV:GGL) has received approval from the TSX Venture Exchange for a 30-day extension to close the second and final tranche of its private placement. The company aims to raise up to $150,000 through the sale of 3,000,000 units at $0.05 per unit.
Each unit includes one common share and one share purchase warrant, allowing holders to purchase an additional common share at $0.10 for two years from closing. The closing is expected by October 8, 2025.
GGL Resources Corp. (TSXV:GGL) ha ottenuto l'approvazione dalla TSX Venture Exchange per una proroga di 30 giorni per completare la seconda e ultima tranche della sua collocazione privata. La societ脿 punta a raccogliere fino a $150.000 mediante la vendita di 3.000.000 di unit脿 a $0,05 per unit脿.
Ogni unit脿 comprende una azione ordinaria e una warrant che d脿 diritto ai possessori di acquistare un'ulteriore azione ordinaria a $0,10 entro due anni dalla chiusura. La chiusura 猫 prevista entro il 8 ottobre 2025.
GGL Resources Corp. (TSXV:GGL) ha recibido la aprobaci贸n de la TSX Venture Exchange para una pr贸rroga de 30 d铆as para cerrar la segunda y 煤ltima tranche de su colocaci贸n privada. La compa帽铆a pretende recaudar hasta $150,000 mediante la venta de 3,000,000 de unidades a $0.05 por unidad.
Cada unidad incluye una acci贸n ordinaria y una warrant que permite a los tenedores comprar una acci贸n ordinaria adicional a $0.10 durante dos a帽os desde el cierre. El cierre se espera para el 8 de octubre de 2025.
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GGL Resources Corp. (TSXV:GGL) a obtenu l'approbation de la TSX Venture Exchange pour une prolongation de 30 jours afin de cl么turer la deuxi猫me et derni猫re tranche de son placement priv茅. La soci茅t茅 vise 脿 lever jusqu'脿 $150,000 par la vente de 3,000,000 d'unit茅s 脿 $0.05 濒'耻苍颈迟茅.
Chaque unit茅 comprend une action ordinaire et un bon de souscription permettant aux d茅tenteurs d'acheter une action ordinaire suppl茅mentaire 脿 $0.10 pendant deux ans 脿 compter de la cl么ture. La cl么ture est pr茅vue d'ici le 8 octobre 2025.
GGL Resources Corp. (TSXV:GGL) hat von der TSX Venture Exchange eine 30-t盲gige Verl盲ngerung zur Schlie脽ung der zweiten und letzten Tranche ihrer Privatplatzierung genehmigt bekommen. Das Unternehmen beabsichtigt, bis zu $150.000 durch den Verkauf von 3.000.000 Einheiten zu je $0,05 zu beschaffen.
Jede Einheit umfasst eine Stammaktie und einen Kaufwarrant, der den Inhabern erlaubt, innerhalb von zwei Jahren ab Abschluss eine zus盲tzliche Stammaktie zum Preis von $0,10 zu erwerben. Der Abschluss wird bis zum 8. Oktober 2025 erwartet.
- Secured TSX Venture Exchange approval for extension
- Potential to raise additional $150,000 in capital
- Delay in closing the private placement indicates potential challenges in securing investors
- Significant dilution potential with 3,000,000 new units and additional warrants
VANCOUVER, BC / / September 8, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") announces that it has applied for and been granted by the TSX Venture Exchange a further thirty day extension for the closing of the second and final tranche of its private placement as initially announced on June 24, 2025, and as updated on August 11, 2025.
The second tranche will consist of the sale of up to 3,000,000 units at a price of
GGL anticipates the closing of the second tranche will occur on or before October 8, 2025 - further information in this regard will be disseminated in due course.
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. The Company 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 Ku茅 diamond mine and southwest of the Ekati diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
"Matthew Turner"
Interim Chief Executive Officer and Director
For further information concerning GGL Resources Corp. or its various exploration projects please visit our website at or contact:
Investor Inquiries
Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
[email protected]
Corporate Information
Linda Knight
Corporate Secretary
Tel: (604) 688-0546
[email protected]
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.
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.
SOURCE: GGL Resources Corp.
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FAQ
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