GGL Diamond Corp.
TSX VENTURE : GGL

GGL Diamond Corp.

July 28, 2005 17:07 ET

GGL Closes Private Placement Financing of C$300,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 28, 2005) - Raymond A. Hrkac, President and CEO of GGL Diamond Corp. (TSX VENTURE:GGL) is pleased to announce that the Company has closed the $300,000 non-brokered private placement of 1,666,666 units at $0.18 per unit, which was announced in its press release of July 22, 2005. Each unit consists of one common share and one non-transferable warrant. One warrant entitles the holder to purchase one common share until July 27, 2007 at $0.20 per share in the first year and $0.22 per share in the second year. The securities have a hold period until November 28, 2005.

The net subscription proceeds will be used for exploration projects on the Company's properties and for corporate and administrative expenses and working capital.

GGL DIAMOND CORP.

Raymond A. Hrkac, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • GGL Diamond Corp.
    Raymond A. Hrkac
    President & CEO
    (604) 688-0546
    (604) 688-0378 (FAX)