GGL Resources Corp. Announces Private Placement
GGL RESOURCES CORP. ANNOUNCES PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC – July 17, 2024 – GGL Resources Corp. (TSX -V: GGL) (“GGL”) announces a
non-brokered private placement offering (the “Offering”), to consist of the sale of up to 6,000,000 common
shares at a price of $0.05 per share, to raise gross proceeds of up to $300,000.
Insiders may participate in the private placement and finders’ fees or brokers’ commissions may be paid in
accordance with TSX Venture Exchange policies. Any insider participation in the private placement will
constitute 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”). In that regard,
GGL will rely on exemptions from the formal valuation and minority shareholder approval requirements
provided under sections 5.5(a) and 5.7(a) of MI 61-101on the basis that the fair market value (as determined
under MI 61 -101) of related party participation in the private placement will not exceed 25% of GGL’s
market capitalization.
All securities issued as part of the Offering will be subject to a hold period in Canada of four months plus
one day from closing. The proceeds from the Offering, which is subject to TSX Venture Exchange
acceptance, will be used for general working capital purposes.
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”
Doug 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:
2
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
The securities referred to in this news release have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available. This news release does not constitute an offer of
securities for sale, nor a solicitation for offers to buy any securiti es. Any public offering of securities in the United
States must be made by means of a prospectus containing detailed information about the company and management,
as well as financial statements.
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 factors beyond GGL’s control, and
actual results may differ materially from expected results.