GGL Resources Corp. Closes Private Placement
GGL RESOURCES CORP. CLOSES PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Vancouver, BC – July 23, 20 20 – GGL Resources Corp. (TSX -V: GGL) ( “GGL” or the “Company“)
announces that it has closed the non-brokered private placement announced on July 16, 2020. The private
placement consisted of the sale of the following securities:
(a) 1,666,666 units at a price of $0.09 per unit, for aggregate subscription proceeds o f
$150,000; and
(b) 1,363,636 flow -through units at a price of $0.11 per flow -through unit, for aggregate
subscription proceeds of $150,000.
Each unit consisted of one common share and one -half (1/2) of a share purchase warrant, and each flow -
through unit consisted of one flow-through common share and one-half (1/2) of a share purchase warrant.
Each whole warrant from the sale of either the units or the flow -through units entitles the holder to
purchase one additional common share at a price of $0.15 until July 23, 2021.
The Company paid a cash finder’s fee of $1 ,200 to Canaccord Genuity Corp. in connection with the
private placement.
All securities issued pursuant to the private placement are subject to a hold period in Canada until
November 24, 2020. The proceeds from th e private placement will be used for exploration and
development activities on the Company’s exploration projects and for general working capital purposes.
ON BEHALF OF THE BOARD
“David Kelsch”
David Kelsch
President, COO and Director
For further information concerning GGL Resources Corp. or its various 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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The securities referred to in this news release have not been, nor will they be, registered under the Un ited 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 securities. 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 E xchange) accepts responsibility 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 inaccurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected results.