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GGL GGL Resources Corp

0.045
-0.01 (-18.18%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
GGL Resources Corp TSXV:GGL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -18.18% 0.045 0.045 0.06 0.05 0.045 0.05 3,000 19:26:55

GGL Resources Corp.: Private Placement to Raise $150,000

01/09/2010 9:30pm

Marketwired Canada


NOT FOR DISSEMINATION IN THE UNITED STATES

Raymond A. Hrkac, President and CEO of GGL Resources Corp. (TSX VENTURE:GGL)
("GGL") is pleased to announce a non-brokered private placement of 3,000,000
units at a price of $0.05 per unit to one placee for gross proceeds of $150,000.


Each unit will consist of one common share and one non-transferable common share
purchase warrant. Each warrant will entitle the holder to purchase one common
share for two years from the closing date at $0.10 per share.


If GGL's common shares trade on the TSX Venture Exchange at a closing price
greater than $0.50 per share for twenty consecutive trading days at any time
after four months and one day from the closing date, GGL may accelerate the
expiry of the warrants by giving notice to the holders thereof, and in such case
the warrants will expire on the 30th day after the date on which such notice is
given.


The proceeds from the sale of the units will be used for exploration and general
corporate purposes.


The private placement is subject to acceptance for filing by the TSX Venture
Exchange.


GGL RESOURCES CORP.

Raymond A. Hrkac, President & CEO

For more information, please check our web site at www.gglresourcescorp.com.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered in the United States Securities Act of 1933, as
amended (the "US Securities Act") or any state securities laws and may not be
offered or sold within the United States or to US Persons unless registered
under the US Securities Act and applicable securities laws or an exemption from
such registration is available.


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