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GMV MINERALS INC. CLOSES $7.5M BOUGHT DEAL PRIVATE PLACEMENT FINANCING
GMV MINERALS INC. CLOSES $7.5M BOUGHT DEAL PRIVATE PLACEMENT FINANCING
About this update from Gmv Minerals Inc
[{"type":"text","content":"\n\n\n\n Oct. 27, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.\n NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES\n DESCRIBED HEREIN/\n\n\nVANCOUVER, Oct. 27 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V:GMV) is pleased to announce that it has\n completed its previously announced bought deal private placement\n financing (the "Offering") of units (the "Units"). Under the Offering,\n the syndicate of underwriters led by Cormark Securities Inc. and\n including Max Capital Markets Ltd. (collectively, the "Underwriters")\n purchased 16,800,000 Units (inclusive of 1,650,000 Units purchased\n pursuant to the full exercise of the Underwriters' over-allotment\n option) at a price of $0.45 per Unit for gross proceeds of $7,560,000.\n Each Unit is comprised of one common share of the Company ("Common\n Share") and one-half of one common share purchase warrant (a\n "Warrant"). Each whole Warrant shall be exercisable at any time for one\n Common Share at a price of $0.60 per Common Share for a period of 24\n months following the closing date.\n\n\nIn consideration for the services of the Underwriters, the Company paid\n the Underwriters a cash commission of $604,800, equal to 8.0% of the\n gross proceeds of the Offering, and issued 1,344,000 broker warrants\n ("Broker Warrants") to acquire that same number...