BULLETIN V2026-1119
GGL RESOURCES CORP. ("GGL")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: March 26, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length disposition of up to 90.0% interest in the Gold Point Project in Nevada (the "Property"). The Property consist of the Company's high-grade, gold-silver Gold Point project in the Walker Lane district of Nevada, USA. Pursuant to the terms of the earn-in agreement, the Company will receive $1,000,000 AUD worth of the purchaser's shares, and $866,617 USD over a 3-year period. The purchaser must also incur $3,000,000 USD in expenditures over the same 3-year period in order to complete the earn-in of up to 90.0% of the Property. A joint venture will be created at 90% 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 $3,250,000 USD cash or up to 1,094,166,666 performance right shares of the purchaser. A 2.0% NSR will be granted to the Company, of which 50% can be bought back by the purchaser for $1,000,000 USD. The Company can buy-back portions of pre-existing NSRs related to the Property.
Finder's fees are payable to an arm's length finder in the total amount of $7,500 USD cash, and $29,250 AUD 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 USD cash, $50,000 AUD 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 December 11, 2025, March 16, 2026, and March 24, 2026.
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