Vancouver, British Columbia – September 26, 2017 – GGL Resources Corp. (TSXV: GGL) (the “Company”) reports that further to its news release dated September 12, 2017 regarding a private placement financing, the Company is pleased to announce that it is proceeding with the financing of 15 million common shares at $0.10 per common share.
The Company has received a subscription agreement from Strategic Metals Ltd. (“Strategic”) for a lead order of 10 million common shares. The proceeds of the private placement will be used for general working capital purposes and exploration work on the Company’s diamond properties. Completion of the private placement is subject to the approval of the TSX Venture Exchange. The investment by Strategic will result in Strategic becoming a “Control Person” of the Company (as defined by the policies of the Exchange) holding greater than 20% of the issued and outstanding common shares of the Company. At a special shareholders’ meeting held September 15, 2017 shareholder approval to a change of control to Strategic was received.
On behalf of the Board of Directors,
Interim Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.