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GPM Metals ( (TSE:GPM) ) has issued an announcement.
GPM Metals Inc. has announced a non-brokered private placement of up to 6,666,666 units at C$0.075 per unit, for gross proceeds of up to approximately C$500,000, with each unit comprising one common share and a warrant exercisable at C$0.10 for 36 months. The financing, which is subject to TSX Venture Exchange approval and includes anticipated insider participation under MI 61-101 exemptions, is intended to fund exploration at the company’s flagship Walker Gossan Project in Australia and bolster general corporate purposes and working capital, underscoring the company’s continued focus on advancing its large-scale zinc-silver-lead asset without incurring finder fees.
More about GPM Metals
GPM Metals Inc. is a Toronto-based mineral exploration company focused on large base metals deposits in Australia. Its primary asset is the wholly owned Walker Gossan Project, a district-scale, 190,000-hectare zinc-silver-lead property in East Arnhem Land in Australia’s Northern Territory.
Average Trading Volume: 189,469
Technical Sentiment Signal: Sell
Current Market Cap: C$13.37M
For detailed information about GPM stock, go to TipRanks’ Stock Analysis page.