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Press Release

PRIVATE PLACEMENT TO RAISE UP TO $150,000
March 07, 2013
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NOT FOR DISSEMINATION IN THE UNITED STATES 

News Release                                                                                            March 7, 2013 

               Private Placement to raise up to $150,000

Vancouver, British Columbia – Mr. Raymond A. Hrkac, President and CEO of GGL Resources Corp. (TSX-V: GGL) (“GGL”) announces a non-brokered private placement of up to 7,500,000 units at $0.02 per unit.   

Each unit will consist of one common non flow-through share and one non-transferable non-flow through warrant.  Each warrant will entitle the holder to purchase one non flow-through common share for five years from the closing date at $0.05 per share during the first year and at $0.10 per share during years two to five, subject to meeting the requirements of the TSXV’s Temporary Relief Measures and the 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 (“Acceleration Event”).  The proceeds from the sale of the non flow-through units will be used for exploration and general corporate purposes. 

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

About GGL 

GGL is a diversified mineral exploration company.  GGL holds mineral claims and leases in the Northwest Territories of Canada (“NT”) prospective for gold, silver, nickel, base metals and diamonds.  All of the NT holdings are wholly owned by GGL, except for the Doyle Diamond Project where De Beers Canada Inc. has a 60% interest and GGL a 40% carried interest.  In British Columbia, Canada, GGL owns a 100% interest in the McConnell Creek gold and copper-gold Property. 

GGL RESOURCES CORP. 

“Raymond A. Hrkac” 

Raymond A. Hrkac

President & CEO 

For further information, email: info@gglresourcescorp.com or visit our web site at www.gglresourcescorp.com.   

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

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.

 
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