Great Plains Metals Closes Over Subscribed Private Placement

Executive Summary

• Great Plains Metals Corp. closed an oversubscribed private placement of 23,240,719 units at $0.18 per unit, generating gross proceeds of $4,183,329.42.
• Each unit consists of one common share and half a warrant; warrants allow purchase of common shares at $0.28 until Feb 25 2028.
• Net proceeds will be used to advance the company’s Australian resource projects and for working‑capital purposes.

Key Details

• Units sold: 23,240,719 (each = 1 common share + ½ warrant)
• Price per unit: $0.18
• Gross proceeds: $4,183,329.42
• Warrant exercise price: $0.28 per share, exercisable until Feb 25 2028
• Use of proceeds: Advancement of Australian property portfolio (drill‑ready exploration) and general working capital
• Finder’s fees paid: $39,949.98 to Haywood Securities Inc.; $9,000 to Canaccord Genuity Corp.
• Hold period: Four months, expiring June 26 2026; subject to TSX Venture Exchange approval
• Additional equity compensation: 2.225 million stock options granted to directors, officers and consultants at $0.21 per share, exercisable over five years (subject to regulatory approval)

Notable Quotes

“We are extremely pleased with the demand for the private placement. The offering was significantly oversubscribed.” – Aidan Bishop, CEO
“Our highly prospective Australian property portfolio has a clear focus on drill‑ready exploration opportunities… We look forward to providing updates in the near future on our exploration plans.” – Aidan Bishop, CEO