GPM Metals Inc. ("GPM" or the "Company") is pleased to announce an upsize to its previously announced non-brokered private placement to up to 10,000,000 units of the Company (the "Units") at a price of C$0.06 per Unit for aggregate gross proceeds of up to approximately C$600,000 (the "Upsized Offering"). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of C$0.10 for a period of 24 months from the closing of the Upsized Offering.
The proceeds of the Upsized Offering will be used by the Company for exploration efforts at its Walker Gossan Project located in Australia and for general corporate purposes and working capital. The Upsized Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange ("TSXV"). All securities issued under the Upsized Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Upsized Offering is expected to close on or about October 10, 2024, or such other date as determined by the Company. No finders' fees are expected to be payable in connection with the Upsized Offering. Insiders of the Company are anticipated to subscribe for up to 1,000,000 Units under the Upsized Offering.
