GPM Metals Announces Upsize to Previously Announced Non-Brokered Private Placement of Up to C$660,000
GPM Metals Announces Upsize to Previously
Announced Non-Brokered Private Placement of
Up to C$660,000
Toronto, Ontario--(Newsfile Corp. - October 7, 2024) -
GPM Metals Inc. (TSXV: GPM)
("GPM" or the
"Company") is pleased to announce an upsize to its previously announced non-brokered private
placement to up to 11,000,000 units of the Company (the "Units") at a price of C$0.06 per Unit for
aggregate gross proceeds of up to approximately C$660,000 (the "Upsized 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 Upsized Offering.
The proceeds of the Upsized 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
Upsized Offering is subject to the receipt of all regulatory approvals including the approval of the TSX
Venture Exchange ("TSXV").
All securities issued under the Upsized Offering will be subject to a hold
period expiring four months and one day from the date of issuance. The Upsized Offering is expected to
close on or about October 16, 2024, or such other date as determined by the Company. No finders' fees
are expected to be payable in connection with the Upsized Offering. Insiders of the Company are
anticipated to subscribe for up to 1,000,000 Units under the Upsized 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:
John Tait
CEO and Director
Telephone: 416 414 3031
Email:
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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 Upsized Offering, the closing date of the Upsized
Offering, the intended use of proceeds,
the receipt of TSXV approval, and anticipated participation by certain insiders, 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/225746