GMV Minerals Inc. Announces Closing of Upsized Financing
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. ANNOUNCES CLOSING OF UPSIZED
FINANCING
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION
DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
VANCOUVER, BC, May 28, 2019 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V:GMV) is
pleased to announce that it has closed its previously announced non-brokered private placement by issuing a
total of 7,965,000 units at a pr ice of $0. 11 per u nit to raise gross proceeds of $876,150 with all securities
issued having a four-month hold period which expires on September 30, 2019.
As previously announced, each Unit in this offering consists of one common share in the capital of th e
Company (each a "Common Share") and one share purchase warrant (a "Warrant"). Each warrant entitles the
Unit holder to purchas e one (1) additional GMV common share at a price of $0. 15 per share at any time
within 24 months of the closing.
The Company will pay an aggregate of $1,540 in cash and issue 14,000 Finders Warrants in connection with
this offering. Each Finder's Warrant entitles the holder to acquire one common share of the Company at
$0.15 per share for 24 months from the date of closing. The Finder’s Warrants are issued on the same terms
and conditions as the private placement Warrants.
The net proceeds of the Offering will be used to advance exploration activit ies at the Company's Mexican
Hat gold property located in S.E. Arizona as well as for general working capital.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in
Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease comm only
referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The project was initially
explored by Placer Dome (USA) in the late 1980’s to early 1990’s. GMV is focused on developing the asset and
realizing the full mineral potentia l of the property through near term gold production. The Company recently
updated its inferred mineral resource to 32,876,000 tonnes grading 0.616 g/t gold at a 0.2 g/t cut-off, containing
651,000 ounces of gold.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES —
This news release may contain forward -looking statements based on assumptions and judgments of management of the Company
regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause act ual events or
results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements except as may be required by law.