GGL Resources Corp. Closes Private Placement
GGL RESOURCES CORP. CLOSES PRIVATE PLACEMENT
Vancouver, B .C. – May 15, 20 20 – GGL Resources Corp. (TSX-V: GGL ) ( “GGL” or the
“Company”) announces it has closed the $100,000 private placement with its major shareholder,
Strategic Metals Ltd. (“Strategic”), as announced on May 13, 2020. The private placement consisted of
the sale of 2,000,000 common shares at a price of $0.05 per share, all of which shares are subject to a
hold period expiring on September 16, 2020. The proceeds from this private placeme nt will be used for
working capital purposes.
Strategic now holds 13,562,500 common shares of GGL, representing 46.31% of the 29,286,722 common
shares of GGL currently issued and outstanding. Accordingly, Strategic will now be issuing its own news
release pursuant to National Instrument 62 -103, which also requires that Strategic file an updated Early
Warning Report with each of the British Columbia and Alberta Securities Commissions containing
information with respect to its security holdings in GGL.
About GGL Resources Corp.
GGL is a Canadian-based junior exploration company focused on diamond 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 exploration, it holds diamond Royalties on
mineral leases in close proximity to the Gahcho Ku é diamond mine in the Northw est Territories. The
Company also holds several encouraging base metal and gold projects in British Columbia and the
Northwest Territories including the McConnell copper -gold porphyry 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 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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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 ac curacy of
this release.
This news release may contain forward looking statement s 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.