GMV Minerals Increases Size of Non-Brokered Financing
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GMV MINERALS INCREASES SIZE OF NON-BROKERED FINANCING
VANCOUVER, BC, October 27, 2015 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX- V:GMV) is pleased to announce an increase to the size of the non-brokered private placement announced on October 15, 2015 (the "Offering") from up to 2,500,000 units to 3,250,000 units at a price of $0.10 per unit (the "Units") for gross proceeds of up to $325,000. The Units will be issued on the same terms as those previously announced and will consist of one common share of the Company (a "Share") and one half of one common share purchase warrant (each whole such warrant, a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share (a "Warrant Share") at an exercise price of $0.15 per Warrant Share for a period of 12 months from the date of issuance.
The net proceeds of the Offering will be used to advance exploration activities at the Company’s 100% owned 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.
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.
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