GMV Minerals Inc. Closes Non-Brokered Financing
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. CLOSES NON-BROKERED FINANCING
VANCOUVER, BC, November 26, 2020 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX -V:
GMV) (OTCQB: “GMVMF”) is pleased to report that its non -brokered private placement announced on
November 23, 2020 has closed with the issuance of 600,000 Units at a price of $0.21 for gross proceeds of
$126,000 with all securities issued having a four-month hold period which expires on March 26, 2021.
As previously announced, each Unit in this offering consists of one common share in the capital of the
Company (each a “Common Share”) and one half of a share purchase warrant (a “Warrant”). Each whole
warrant entitles the Unit holder to purchase one (1) additional GMV common share at a price of $0.30 per
share at any time within 18 months of the closing. No finder’s fees are payable on this financing.
The net proceeds of the Offering will be used to ad vance exploration activities at the Company’s 100%
controlled 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
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 36,73 3,000 tonnes grading 0.58 g/t gold at a
0.2 g/t cut-off, containing 688,000 ounces of gold.
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
- 2 -
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.