GPM Metals Provides Update on its Previously Completed Non-Brokered Private Placement
August 14 2019 - 7:00AM
GPM Metals Inc. (“
GPM” or the
“
Company“) (TSXV:GPM) announces that in connection
with its non-brokered private placement of 8,000,000 units of the
Company at a price of $0.075 per unit for aggregate gross proceeds
of $600,000 which was completed on August 9, 2019 (the
“
Offering”), the Company paid cash commission of
$9,835 and issued an aggregate of 109,800 broker warrants to
eligible registrants assisting in connection with the Offering,
with each such broker warrant entitling the holder thereof to
acquire one common share of the Company at an exercise price of
$0.10 for a period of 36 months from the closing of the Offering.
All securities issued and issuable pursuant to
the Offering are subject to a statutory hold period expiring
December 10, 2019. The Offering remains subject to the final
approval of the TSX Venture Exchange.
For further information please contact:
Peter Mullens, CEOGPM Metals Inc.Suite 1101- 141 Adelaide Street
West,Toronto, Ontario M5H 3L5Telephone: + 416 628
5904Email: info@gpmmetals.ca
Neither 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 Statements
Information set forth in this news release
involves forward-looking statements under applicable securities
laws. All such forward-looking statements are expressly qualified
in their entirety by this cautionary statement. The forward-looking
statements included in this news release are made as of the date
hereof and the Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities legislation. Although
the Company believes that the expectations represented in such
forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct and,
accordingly, undue reliance should not be put on such
forward-looking statements. This news release does not constitute
an offer to sell or solicitation of an offer to buy any of the
securities described herein.
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