GPM Metals Announces Up to C$2.2M Non- Brokered Private Placement
GPM Metals Announces Up to C$2.2M Non-
Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - August 19, 2024) - GPM Metals Inc. (TSXV: GPM) ("
GPM
" or the
"
Company
") is pleased to announce a non-brokered private placement of up to 36,666,667 units of the
Company (the "
Units
") at a price of C$0.06 per Unit for aggregate gross proceeds of up to
approximately C$2,200,000 (the "
Offering
"). Each Unit will consist of one common share of the
Company and one-half of one common share purchase warrant of the Company (each whole common
share purchase warrant, a "
Warrant
"). Each Warrant will entitle the holder thereof to acquire one
common share of the Company at a price of C$0.10 for a period of 24 months from the closing of the
Offering.
The proceeds of the Offering will be used by the Company for exploration efforts at its Walker Gossan
Project located in Australia and for general corporate purposes and working capital.
The Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture
Exchange ("
TSXV
"). All securities issued under the Offering will be subject to a hold period expiring four
months and one day from the date of issuance. The Offering is expected to close on or about August 30,
2024, or such other date as determined by the Company. No finders' fees are expected to be payable in
connection with the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
the United States or any other jurisdiction. No securities may be offered or sold in the United States or in
any other jurisdiction in which such offer or sale would be unlawful prior to registration under U.S.
Securities Act of 1933 or an exemption therefrom or qualification under the securities laws of such other
jurisdiction or an exemption therefrom.
For further information please contact:
Daniel Noone
Executive Chairman
Telephone: 416 997 7507
Email:
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.
Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable
securities laws. The forward-looking statements contained herein include, but are not limited to, the
anticipated size, terms and completion of the Offering, the closing date of the Offering, the intended
use of proceeds and the receipt of TSXV approval, and all such forward-looking statements are
expressly qualified in their entirety by this cautionary statement. The forward-looking statements
included in this news release are made as of the date hereof and the Company disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by applicable securities
legislation. Although the Company believes that the expectations represented in such forward-looking
statements are reasonable, there can be no assurance that such expectations will prove to be correct
and, accordingly, undue reliance should not be put on such forward-looking statements. This news
release does not constitute an offer to sell or solicitation of an offer to buy any of the securities
described herein.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/220371