GMV Minerals Inc. Closes Second Tranche Non-Brokered Financing
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. CLOSES SECOND TRANCHE NON-BROKERED FINANCING
VANCOUVER, BC, April 12, 2024 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX -V: GMV)
(OTCQB: “GMVMF”) is pleased to announce that it has closed the second and final tranche of its non-
brokered private placement . The second tranche raised gross proceeds of $ 80,250 from the issuance of
535,000 units (the "Units") at a price of $0.15 per Unit. The total private placement raised $301,350 in gross
proceeds with the issuance of 2,009,000 Units.
Each Unit consists of one common share of the Company (a " Common Share ") and one half of one
Common Share purchase warrant (" Warrant"). Each Warrant entitles the holder to purchase one Common
Share at a price of $0.25 for a period of twelve months from the date issuance.
The Company paid finder's fees totalling $ 14,286 in cash and 95,240 warrants (the " Finder's Warrants").
Each Finder's Warrant entitles the holder to purchase one Common Share at a price of $0. 25 for a period of
twelve months . All finder's fees are subject to compliance with applicable securities legislation and TSX
Venture Exchange policies. All securities issued in this closing of the Private Placement are subject to
statutory four month hold periods expiring on August 6th and 13th, 2024. The Private Placement remains
subject to obtaining final approval of the TSX Venture Exchange.
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, advance exploration at the Daisy Creek
Lithium project, 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 Property, 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. GMV.
Recently updated its National Instrument 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.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
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Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward -looking statements" 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 stated 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 address 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
actual 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 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.
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]