GLG Life Tech Limited
CNQ : GLGT

GLG Life Tech Limited

June 05, 2006 19:08 ET

GLG Life Tech Reports Planned Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - GLG Life Tech Limited (CNQ:GLGT) reports that it intends to undertake a private placement to raise $2.2 million by the issuance of 8.8 million shares. Both amounts are approximate. The financing is scheduled to close this month.

On Behalf of the Board of Directors

Brian A. Palmieri, CEO & Treasurer

About GLG Life Tech Limited

GLG Life Tech is engaged in the distribution of various health and nutritional products which are sourced globally. The company's efforts are currently focused on China where it has been appointed the exclusive supplier of products for Shandong Yong He Tang Health Products Chain Stores Limited. GLG Life Tech holds the exclusive right to distribute health and nutritional products under the name and image of Prof. Hong Zhao Guang, a recognized health expert in China.


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