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, November 23, 2020 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX -V:
GMV) (OTCQB: “GMVMF”) is pleased to announce a non -brokered private placem ent of up to 500,000
Units (the "Units"). The private placement offering (the "Offering") will be at $0.21 (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. 30 (CAD) to purchase an additional common share ( “Warrant
Share”) for a period of 18 months following the Closing Date.
The net proceeds of the Offering 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.
The Company also announces that, subject to TSX Venture Exchange approval, it has granted incentive stock
options to a Consultant of the Company to purchase up to 300,000 common shares exercisable on or before
November 22, 2021 at a price of $0.30 (CAD) per share.
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. The
Company recently updated its inferred mineral resource to 36,733,000 tonnes grading 0.58 g/t gold at a
0.2 g/t cut-off, containing 688,000 ounces of gold.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward -looking stat ements" under applicable Canadian securities
legislation. Forward-looking statements include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the Company or management expects a stat ed
condition or result to occur. Forward -looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -looking
statements are based on assumptions and addr ess future events and conditions, by their very nature they
involve inherent risks and uncertainties as described in the Company's filings with Canadian securities
regulators. There can be no assurance that such statements will prove to be accurate, as act ual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward -looking statements. The Company disclaims any intention or obligation
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to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.
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) 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 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.