GPM Metals (TSE:GPM) has released an update.
GPM Metals Inc. has launched a C$2.2 million non-brokered private placement to fund its exploration activities in Australia and bolster working capital. The offering will include units priced at C$0.06 each, with each unit comprising one common share and a half warrant, allowing the purchase of additional shares at C$0.10 within 24 months. Regulatory approvals are pending, with the TSX Venture Exchange’s nod required, and the offering is slated to close by August 30, 2024.
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