New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$448k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$448k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.35m market cap, or US$6.11m). Announcement • Oct 10
GGL Resources Corp. announced that it has received CAD 0.425 million in funding On October 9, 2025, GGL Resources Corp. closed the transaction. The company issued 1,500,000 units at a price of CAD 0.05 at a price of CAD 75,000 in its second and final tranche. Each warrant entitling the holder to purchase one additional common share at a price of CAD 0.10 until October 9, 2027. All of the shares issued pursuant to the final tranche, including any shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until February 10, 2026. An insider purchased a total of 200,000 units in the final tranche. New Risk • Jul 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 3.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.66m market cap, or US$4.11m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). 
