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GMV Minerals Inc. successfully closes a non-brokered private placement, raising $406,000 through the issuance of 2,706,667 Units at $0.15 per Unit. The funds will be used to advance exploration activities at the Mexican Hat gold property and the Daisy Creek Lithium project.
GMV Minerals Inc. ha chiuso con successo un collocamento privato non intermedio, raccogliendo 406.000 dollari mediante l'emissione di 2.706.667 unità al prezzo di 0,15 dollari per unità. I fondi saranno utilizzati per promuovere le attività di esplorazione presso la proprietà aurifera Mexican Hat e il progetto di litio Daisy Creek.
GMV Minerals Inc. ha cerrado con éxito una colocación privada sin intermediarios, recaudando 406,000 dólares mediante la emisión de 2,706,667 Unidades a 0.15 dólares por Unidad. Los fondos se utilizarán para avanzar en las actividades de exploración en la propiedad de oro Mexican Hat y el proyecto de litio Daisy Creek.
GMV Minerals Inc.는 중개인 없는 비공개 배정을 성공적으로 마감하여 2,706,667개의 유닛을 단위당 0.15달러에 발행하여 406,000달러를 모금했습니다. 이 자금은 멕시칸 햇 금 속성 및 데이지 크릭 리튬 프로젝트의 탐사 활동을 진행하는 데 사용될 것입니다.
GMV Minerals Inc. a clôturé avec succès un placement privé non intermédié, levant 406 000 dollars grâce à l'émission de 2 706 667 Unités à 0,15 dollar par Unité. Les fonds seront utilisés pour faire avancer les activités d'exploration sur la propriété aurifère de Mexican Hat et le projet de lithium de Daisy Creek.
GMV Minerals Inc. hat eine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei 406.000 US-Dollar durch die Ausgabe von 2.706.667 Einheiten zu einem Preis von 0,15 US-Dollar pro Einheit aufgebracht. Die Mittel werden verwendet, um die Explorationsaktivitäten auf der Mexican Hat Goldliegenschaft und dem Daisy Creek Lithiumprojekt voranzutreiben.
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VANCOUVER, BC / ACCESSWIRE / April 19, 2024 /GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to report that it has closed a non-brokered private placement with the issuance of 2,706,667 Units at a price of $0.15 per Unit for gross proceeds of $406,000 with all securities issued having a four-month hold period which expires on August 20, 2024. The Private Placement remains subject to obtaining final approval of the TSX Venture Exchange.
Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 for a period of twenty-four months from the date issuance.
No finder's fees were paid with this issuance.
The net proceeds of the Offering will be used to advance exploration activities at the Company's 100% controlled Mexican Hat gold property located in S.E. Arizona, advance exploration at the Daisy Creek Lithium project, as well as for general working capital.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. GMV. Recently updated its National Instrument inferred mineral resource to 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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.
