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GPM Metals (TSXV:GPM) announces private placement

Mining, The Market Online Deal Room
TSXV:GPM
23 June 2022 11:30 (EST)

Source: GPM Metals Inc.

GPM Metals (GPM) has announced a non-brokered private placement for gross proceeds of up to $500,000.00.

The company will issue up to 6,250,000 units priced at $0.08 per unit. Each unit will include one common share and one half share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 36 months.

Company insiders may subscribe for up to 5,000,000 units in the offering.

The offering is scheduled to close on or about July 22, 2022 and is subject to the receipt of all applicable regulatory approvals.

GPM Metals Inc is a Canada-based mineral exploration and development company.

GPM Metals Inc. (GPM) is down 5.9 per cent, trading at C$0.08 per share at 11:15 am ET.

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