GGL Resources Corp.

GGL Resources Corp.

September 01, 2010 16:30 ET

GGL Resources Corp.: Private Placement to Raise $150,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -


Raymond A. Hrkac, President and CEO of GGL Resources Corp. (TSX VENTURE:GGL) ("GGL") is pleased to announce a non-brokered private placement of 3,000,000 units at a price of $0.05 per unit to one placee for gross proceeds of $150,000.

Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share for two years from the closing date at $0.10 per share.

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.

The proceeds from the sale of the units will be used for exploration and general corporate purposes.

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


"Raymond A. Hrkac"

Raymond A. Hrkac
President & CEO

For more information, please check our web site at

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.

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.

Contact Information