Toronto, Ontario–(August 19, 2024) – An announcement has been made by a mineral exploration company regarding an increase in its non-brokered private placement to a maximum of 41,666,668 units at a price of C$0.06 per unit, with an expected aggregate gross proceeds of approximately C$2,500,000. Each unit will consist of one common share and half of one common share purchase warrant. The proceeds from this offering will be allocated towards exploration activities at the Walker Gossan Project in Australia, as well as for general corporate purposes and working capital.
This offering is contingent upon regulatory approvals, including approval from the TSX Venture Exchange, and all securities issued will be subject to a hold period of four months and one day from the date of issuance. Insider participation in the offering, expected to reach up to 11,666,667 units, is classified as a related party transaction and is exempt from certain formal valuation and approval requirements.
This news release should not be interpreted as an invitation to buy or sell securities in the United States or any other jurisdiction. For further information, please contact Daniel Noone, Executive Chairman, at 416 997 7507 or via email at info@gpmmetals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the adequacy or accuracy of this release. Forward-looking statements in this news release are subject to applicable securities laws and involve uncertainties and risks. The company disclaims any obligation to update or revise any forward-looking statements. This news release is not an offer to sell or solicit an offer to buy any securities.
