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Financings

GMV Minerals closes $4.53-million private placement

By The Northwire Desk — AI Analysis Dec 19, 2025 · 18:25 GMV · 0.24 GMV Minerals Inc.
GMV · Price

Executive Summary

  • GMV Minerals Inc. has closed a non-brokered private placement, raising $4,530,500 in gross proceeds through the sale of 22,652,500 units.
  • The net proceeds will be utilized for the exploration and development of the Mexican Hat gold project in Arizona and for general working capital.
  • The offering includes common shares and warrants, with specific finder fees paid to financial advisors, and remains subject to final approval by the TSX Venture Exchange.

Key Details

  • Transaction Structure: Non-brokered private placement closed pursuant to Part 5A of National Instrument 45-106.
  • Units Sold: 22,652,500 units.
  • Price: 20 cents per unit.
  • Gross Proceeds: $4,530,500.
  • Unit Composition: Each unit consists of one common share and one-half of a common share purchase warrant.
  • Warrant Terms (Investors): Each full warrant entitles the holder to acquire one additional common share at an exercise price of 35 cents per share for a period of 30 months after closing.
  • Exemptions: Units subscribed under the listed issuer financing exemption (LIFE); no statutory hold period in Canada for investor units.
  • Finder Fees:
    • Cash: $214,235 paid to Canaccord Genuity Corp., Red Cloud Securities Inc., Research Capital Corp., Haywood Securities Inc., and Ventum Financial Corp.
    • Equity: 1,071,175 non-transferable finder warrants issued to the same firms.
    • Finder Warrant Terms: Each finder warrant entitles the holder to acquire one common share at 20 cents per share for 30 months from closing.
    • Finder Warrant Hold Period: Subject to a statutory hold period expiring four months and one day from the date of closing.
  • Use of Proceeds: Furthering exploration and development of the Mexican Hat gold project (southeastern Arizona) and general working capital.
  • Regulatory Status: Subject to final approval of the TSX Venture Exchange.
  • Insider Participation: No insiders participated in the offering.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

More from GMV Minerals Inc.

Oct 07, 2026 · 05:00

GMV’s 25-hole infill confirms continuity at 0.87 g/t, though the average grade is considered sub-economic.

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Drill Results Jun 01, 2026 · 07:00

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Drilling Commencement Validates Funding but Resource Upgrade Remains Key Catalyst

Production / Operations Apr 10, 2026 · 11:35

GMV Minerals Commences Drilling at Mexican Hat as Near-Term Warrant Expiry Looms

Drill Results