GPM Metals Announces Up to C$2.2M Non-Brokered Private Placement

About this update from Gpm Metals Inc.

[{"type":"text","content":"GPM Metals Announces Up to C$2.2M Non-Brokered Private PlacementToronto, 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 NooneExecutive ChairmanTelephone: 416 997 7507Email: [email protected] 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 StatementsInformation set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein inc...

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