GGL Resources Corp. Completes Initial Phase of Private Financing

GGL Resources Corp. announced the closure of the initial segment of its non-brokered private placement on March 27, 2024. This first tranche sold 3.2 million common shares at $0.05 each, accumulating $160,000 in gross proceeds. Among the investors were insiders including Matthew Turner, a GGL director, and Strategic Metals Ltd., GGL's largest shareholder. Dave Kelsch Consulting Ltd., led by Dave Kelsch, also contributed.

The funding is earmarked for exploration and development at the Gold Point Project in Nevada and for general corporate purposes. Additionally, shareholder approval will be sought for another significant internal share subscription in the upcoming Annual General and Special Meeting.

GGL utilized exemptions under financial regulations to facilitate insider participation in this funding round. All securities issued are subject to a hold period until July 28, 2024. This announcement underscores GGL's continued efforts in exploring and developing valuable mineral assets in Nevada and beyond, promising future growth and development prospects for the company.