GMV Minerals Inc. Announces Non-Brokered Financing
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. ANNOUNCES NON-BROKERED FINANCING
VANCOUVER, BC, April 14, 2020 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV) is
pleased to announce a non -brokered private placement of up to 11,250,000 Units (the "Units"). The private
placement offering (the "Offering") will be at $0.08 (CAD) per Unit, and will consist of one common share in
the capital of the Company ("Common Share") and one half of a share purchase warrant ("Warrant").
Each full W arrant will be exercisable at $0. 16 (CAD) to purchase an additional common share ( “Warrant
Share”) for a period of 18 months following the Closing Date. All subscriptions for Units are anticipated to
be completed and accepted by the Company on or before April 30th, 2020. The warrants will also include an
acceleration clause, whereby if the trading price of the issuer's shares on the TSX Venture Exchange for 10
consecutive trading days (the premium trading days) exceeds $0.25 per share during the exercise period, the
expiry time of the warrants shall be accelerated such that the expiry time will be 30 calendar days. This 30-day
period will commence seven calendar days after the 10th premium trading day.
The net proceeds of the Offe ring will be used to advance exploration activities at the Company’s 100%
controlled Mexican Hat gold property located in S.E. Arizona as well as for general working capital. Finder’s
fees may be paid on the Offering pursuant to the policies of the TSX Venture Exchange.
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
commonly 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 potential of the property through near term gold production. In mid 2018,
the Company 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. In December 2018, the Company filed on SEDAR a N ational
Instrument 43-101 (NI 43-101) preliminary economic assessment (PEA) technical report for the Mexican Hat
Gold Project. The PEA is entitled “Mexican Hat Project, NI 43-101 Technical Report, Preliminary Economic
Assessment” and is available on the company’s website.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) ac cepts responsibility for the adequacy or
accuracy of this release.
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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 actual 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.