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GGL Resources ( (TSE:GGL) ) has provided an announcement.
GGL Resources Corp. has successfully closed the final tranche of its non-brokered private placement, raising $75,000. The proceeds will fund exploration activities in the United States and Canada, as well as general working purposes. The final tranche involved the sale of 1,500,000 units, each comprising one common share and a warrant. An insider’s participation in the tranche was deemed a related party transaction but did not require formal valuation or minority shareholder approval due to its limited market capitalization impact.
More about GGL Resources
GGL Resources Corp. is a Canadian-based junior exploration company focused on exploring and advancing under-evaluated mineral assets in politically stable, mining-friendly jurisdictions. The company holds claims in the Gold Point district of Nevada and the McConnell Project in British Columbia, and it also possesses diamond royalties in the Northwest Territories.
Average Trading Volume: 30,406
Technical Sentiment Signal: Hold
Current Market Cap: C$7.2M
For a thorough assessment of GGL stock, go to TipRanks’ Stock Analysis page.