GGL Resources Corp. Announces Private Placement
GGL RESOURCES CORP. ANNOUNCES PRIVATE PLACEMENT
Vancouver, B.C. – May 13, 2020 – GGL Resources Corp. ( TSX-V: GGL ) ( “GGL” or the
“Company”) announces it has negotiated a $100,000 private placement with its major shareholder,
Strategic Metals Ltd. (“Strategic”), to consist of the sale of 2,000,000 common shares at a price of $0.05
per share.
Strategic currently holds 11,56 2,500 common shares of GGL, repr esenting 42.37% of the 27,286,722
common shares of GGL currently issued and outstanding. Following the closing of the private placement,
Strategic will hold 13,562,500 common shares of GGL, which will represent 46.31% of the 29,286,722
common shares of GGL then issued and outstanding.
All of the shares issued pursuant to this private placement wil l be subject to a hold period in Canada of
four months plus one day from closing. The proceeds from the p rivate placement, which is subject to
TSX Venture Exchange acceptance, will be used for working capital purposes.
About GGL Resources Corp.
GGL is a Canadian-based junior exploration company focused on d iamond exploration in Canada’s north
with key projects in Nunavut as well as the Lac de Gras diamond district in the Northwest Territories. Lac
de Gras is home to Canada’s first two diamond mines, the world class Diavik and Ekati mines discovered
in the 1990’s. In addition to GGL’s key focus of diamond explor ation, it holds diamond Royalties on
mineral leases in close proximity to the Gahcho Kué diamond min e in the Northwest Territories. The
Company also holds several encouraging base metal and gold proj ects in British Columbia and the
Northwest Territories including the McConnell copper-gold porph yry and shear hosted gold project
located 16 kilometers southeast of the Kemess Mine.
ON BEHALF OF THE BOARD
“David Kelsch”
David Kelsch
President, Chief Operating Officer and Director
For further information concerning GGL Resources Corp. or its v arious exploration projects please visit
our website at www.gglresourcescorp.com or contact:
Investor Inquiries
Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
Corporate Information
Linda Knight
Corporate Secretary
Tel: (604) 688-0546
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Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibilit y for the adequacy or ac curacy 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 in accurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected results.