GGL GGL Resources Corp

Raymond A. Hrkac, President and CEO of GGL Resources Corp. (TSX VENTURE:GGL)
("GGL") is pleased to announce that the shareholders approved the election of
directors at the Annual and Special General Meeting ("AGM") of the Company in
Vancouver, BC on September 16, 2010.


Returning directors are Nick DeMare, Graham Eacott, Raymond A. Hrkac, William
Meyer and Wayne Spilsbury.


Shareholders also voted in favor of the appointment of D+H Group LLP as auditors
of the Company for the ensuing year and approved the annual ratification of the
Company's 10% rolling stock option plan.


At a directors' meeting held subsequent to the AGM, Mr. R. Hrkac was appointed
President and CEO and Mr. N. DeMare was appointed Secretary and CFO.


Private Placement

GGL closed its non-brokered private placement originally announced on September
1, 2010. 3,000,000 units at a price of $0.05 per unit were placed for gross
proceeds of $150,000. Each unit consists of one common share and one
non-transferable warrant. Each warrant will entitle the holder to purchase one
common share until September 17, 2012 at $0.10 per share, subject to an
Acceleration Event. The securities have a hold period until January 18, 2011.


If GGL's common shares trade on the TSX Venture Exchange at a closing price
greater than $0.50 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 units will be used for exploration work and
for general corporate purposes.


GGL RESOURCES CORP.

Raymond A. Hrkac, President & CEO

For more information, please check our web site at www.gglresourcescorp.com.

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.

GGL Resources (TSXV:GGL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

GGL Resources (TSXV:GGL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024