GMV Minerals arranges $4-million financing

Executive Summary

• GMV Minerals Inc. has announced a non-brokered private placement of up to 20 million units at $0.20 per unit, targeting aggregate gross proceeds of up to $4 million.
• The offering is conducted under the Listed Issuer Financing (LIFE) exemption, with proceeds designated for the exploration and development of the Mexican Hat gold project in Arizona and general working capital.
• The transaction involves the issuance of common shares and warrants, with specific terms for investor warrants and finder’s compensation, and is subject to TSX Venture Exchange acceptance.

Key Details

• Transaction Structure: Non-brokered private placement under National Instrument 45-106, Part 5A (Listed Issuer Financing Exemption).
• Units Offered: Up to 20,000,000 units.
• Price: $0.20 per unit.
• Gross Proceeds: Up to $4,000,000.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Investor Warrant Terms: Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.35. The warrants are exercisable for a period of 30 months following the issue date.
• Statutory Hold Period: Units are not subject to a statutory hold period in Canada, subject to LIFE limitations.
• Finder Compensation: The company may engage arm's-length finders receiving:
  • Cash compensation equal to 7% of gross proceeds raised by the finder.
  • Non-transferable common share purchase warrants equal to 7% of the number of units placed by the finder.
  • Finder’s warrant exercise price: $0.20 per share.
  • Finder’s warrant term: 30 months from issuance.
  • Finder’s warrant hold period: 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.
• Closing Schedule: The offering may close in multiple tranches.
  • First tranche closing expected: December 19, 2025.
  • Final closing no later than: December 30, 2025.
• Conditions: Subject to necessary approvals, including acceptance by the TSX Venture Exchange.
• Target Jurisdictions: Purchasers resident in Canada (other than Quebec) and jurisdictions outside of Canada in compliance with applicable securities laws.

Notable Quotes

• No direct quotes from management were included in the provided text.