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GPM Metals Announces up to C$500,000 Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Toronto, Ontar...
About this update from Gpm Metals Inc.
GPM Metals Announces up to C$500,000 Non-Brokered Private PlacementNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.Toronto, Ontario--(Newsfile Corp. - January 29, 2026) - GPM Metals Inc. (TSXV: GPM) ("GPM" or the "Company") is pleased to announce a non-brokered private placement of up to 6,666,666 units of the Company (the "Units") at a price of C$0.075 per Unit for aggregate gross proceeds of up to approximately C$500,000 (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant of the Company (each, 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 36 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 February 13, 2026, or such other date as determined by the Company. No finders' fees are expected to be payable in connection with the Offering.Insiders of the Company are anticipated to subscribe for up to 1,666,666 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.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 the...