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GPM Metals (TSXV:GPM) closes private placement

Mining
TSXV:GPM
26 July 2022 15:30 (EDT)

Source: GPM Metals Inc.

GPM Metals (GPM) has closed a non-brokered private placement for gross proceeds of $393,000.00.

The company issued 4,912,500 units 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 subscribed for a total of 2,600,000 units in the offering.

Proceeds from the offering will be used for property interests and general corporate purposes.

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

GPM Metals Inc. (GPM) is unchanged on the day, trading at C$0.075 per share at 3:30 pm ET.


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