GGL Resources Corp. announces that it has closed the initial tranche of the non-brokered private placement offering originally announced on February 13, 2024. The initial tranche consisted of the sale of 3,200,000 common shares at a price of $0.05 per share, for gross proceeds of $160,000. The following insiders of GGL participated in this private placement: Matthew Turner, a Director of GGL, subscribed for 100,000 shares;
Strategic Metals Ltd., a reporting issuer listed on Tier 1 of the TSX Venture Exchange and which is GGL's largest shareholder, subscribed for 2,000,000 shares; and Dave Kelsch Consulting Ltd., a company controlled by Dave Kelsch, the President, Chief Operating Officer and a Director of GGL, subscribed for 100,000 shares. As required by the TSX ...