GPM Metals Completes Non-Brokered Private Placement
GPM Metals Completes Non-Brokered Private
Placement
Toronto, Ontario--(Newsfile Corp. - February 24, 2026) -
GPM Metals Inc. (TSXV: GPM)
("GPM" or the
"Company") is pleased to announce that it has closed the previously announced non-brokered private
placement of 13,333,333 units of the Company (the "Units") at a price of C$0.075 per Unit for aggregate
gross proceeds of approximately C$1,000,000 (the "Offering"). Each Unit consists of one common
share of the Company and one common share purchase warrant of the Company (each, a "Warrant").
Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of
C$0.10 until February 24, 2029.
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 the final approval of the TSX Venture Exchange ("TSXV"). All
securities issued under the Offering are subject to a hold period expiring four months from the date
hereof. No finders' fees were payable in connection with the Offering.
Insiders of the Company subscribed for 2,325,001 Units under the Offering. The insiders' participation in
the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101
Protection of Minority Security Holders in Special Transactions
("MI 61-101"). Such participation is
exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as
neither the fair market value of the securities acquired by the insiders, nor the consideration for the
securities paid by such insiders, exceed 25% of the Company's market capitalization. A material change
report in connection with the participation of the insiders in the Offering will be filed less than 21 days in
advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so
as to be able to avail itself of potential financing opportunities and complete the Offering in an
expeditious manner.
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:
GPM Metals Inc.
Suite 1101-141 Adelaide Street West
Toronto, Ontario M5H 3L5
Telephone: + 416 628 5904
Email:
Web:
www.gpmmetals.com
About GPM Metals:
GPM Metals Inc. is a mineral exploration company exploring for large base metals deposits in Australia.
The Company's wholly owned Walker Gossan Project is a district scale (190,000 Hectares) Zinc-Silver-
Lead project in East Arnhem Land NT, Australia.
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 information under applicable
securities laws. The forward-looking statements contained herein include, but are not limited to, 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/285192