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GPM Metals ( (TSE:GPM) ) has provided an update.
GPM Metals Inc. has increased the size of its previously announced non-brokered private placement, now targeting gross proceeds of up to C$1 million through the issuance of up to 13,333,333 units priced at C$0.075 each, with each unit comprising one common share and a warrant exercisable at C$0.10 for 36 months. The funding is earmarked primarily for exploration at the company’s Walker Gossan Project in Australia and for general corporate purposes, with insider participation anticipated and no finder’s fees expected, positioning the company to advance its key zinc-silver-lead asset pending required TSX Venture Exchange approvals and subject to standard hold periods on the new securities.
More about GPM Metals
GPM Metals Inc. is a Toronto-based mineral exploration company focused on large base metal deposits in Australia. Its wholly owned flagship asset is the Walker Gossan Project, a 190,000-hectare district-scale zinc-silver-lead property in East Arnhem Land, Northern Territory, Australia.
Average Trading Volume: 187,678
Technical Sentiment Signal: Sell
Current Market Cap: C$10.78M
See more data about GPM stock on TipRanks’ Stock Analysis page.