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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 |
NOT FOR DISSEMINATION IN THE UNITED STATES Mr. Raymond Hrkac, President, GGL Resources Corp. (TSX VENTURE:GGL) ("GGL") announces that the Company intends to raise up to $120,000 by way of a non- brokered private placement of flow-through units at a price of $0.05 per unit. Each flow-through unit will consist of one flow-through common share and one non-transferable non flow-through warrant. Each warrant will entitle the holder to purchase one non flow-through common share for three years from the closing date at $0.10 per share, subject to an Acceleration Event. If GGL's common shares trade on the TSX Venture Exchange at a closing price greater than $0.40 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 flow-through common shares will be used to incur Canadian Exploration Expense ("CEE"), as defined in the Income Tax Act (Canada). GGL will renounce such CEE to the subscribers effective for the 2012 tax year. GGL RESOURCES CORP. Raymond A. Hrkac, President & CEO Forward-Looking Information: This news release contains "forward-looking statements" and the cautions regarding such statements apply. 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.
1 Year GGL Resources Chart |
1 Month GGL Resources Chart |
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