GGL Resources Completes Private Placement Initiative

Vancouver-based GGL Resources Corp. has concluded the second and final tranche of its non-brokered private placement, accruing a total of $75,000. The last tranche involved the sale of 1,500,000 units, priced at $0.05 each. Each unit includes one common share and a warrant allowing the purchase of an additional share at $0.10 until October 2027.

The shares distributed within this tranche, including potential warrant-exercised shares, are subjected to a hold period in Canada until February 2026. Proceeds will finance exploration endeavors across the U.S. and Canadian projects and for general corporate purposes.

An insider's purchase of 200,000 units in this tranche triggered a related party transaction under TSX-V guidelines. GGL leveraged exemptions due to the insider's participation not exceeding 25% of the company's market capitalization.