Vancouver, British Columbia – March 9, 2016 – GGL Resources Corp. (TSXV: GGL) (the “Company”) Mr. Ray Hrkac, CEO, is pleased to announce that the Company has negotiated a line of credit from certain shareholders to provide bridge loan funding to pay property tenure costs and other corporate overhead costs. One of the lenders is a private company, the officers of which are the brother and sister of one of the directors of the Company, and this director has guaranteed repayment of the loan provided by this private company. The Company has drawn down on this bridge loan financing in the amount of $25,000. The bridge loan bears interest at 8% per year and is secured by a general security agreement (GSA).
On behalf of the Board,
“Raymond A. Hrkac”
Raymond A. Hrkac
Chairman & CEO
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