02:02:53 EDT Fri 27 Mar 2026
Enter Symbol
or Name
USA
CA



GGL Resources Corp (3)
Symbol GGL
Shares Issued 104,357,475
Close 2026-03-25 C$ 0.06
Market Cap C$ 6,261,449
Recent Sedar+ Documents

GGL Resources sale of Gold Point property interest

2026-03-26 21:27 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length disposition of up to a 90.0-per-cent interest in the Gold Point project in Nevada. The property consists of the company's high-grade, gold-silver Gold Point project in the Walker Lane district of Nevada. Pursuant to the terms of the earn-in agreement, the company will receive $1-million (Australian) worth of the purchaser's shares and $866,617 (U.S.) over a three-year period. The purchaser must also incur $3-million (U.S.) in expenditures over the same three-year period in order to complete the earn-in of up to 90.0 per cent of the property. A joint venture will be created at 90 per cent between the company and the purchaser. The company will also be entitled to receive certain performance rights bonuses following certain milestones, which are payable, at the election of the purchaser, with up to $3.25-million (U.S.) cash or up to 1,094,166,666 performance right shares of the purchaser. A 2.0-per-cent net smelter return (NSR) royalty will be granted to the company, of which 50 per cent can be bought back by the purchaser for $1-million (U.S.). The company can buy back portions of pre-existing NSRs related to the property.

A finder's fee is payable to an arm's-length finder in the total amount of $7,500 (U.S.) cash and $29,250 (Australian) worth of the purchaser's shares as initial consideration, and if certain stages of the earn-in are met.

A disposition payment may be payable to the arm's-length underlying optionor in the total amount of $36,250 (U.S.) cash, $50,000 (Australian) worth of the purchaser's shares and up to 54,708,333 performance rights of the purchaser, if the earn-in is completed.

For further details, please refer to the company's news releases dated Dec. 11, 2025, March 16, 2026, and March 24, 2026.

© 2026 Canjex Publishing Ltd. All rights reserved.