GPM Metals Completes Non-Brokered Private Placement

Executive Summary

• GPM Metals Inc. closed a non‑brokered private placement of 13,333,333 units at C$0.075 per unit, generating approximately C$1,000,000 in gross proceeds.
• Each unit includes one common share and one warrant to purchase an additional share at C$0.10 until February 24 2029.
• Proceeds will be allocated to exploration at the Walker Gossan Project in Australia and for general corporate purposes and working capital.

Key Details

• Units sold: 13,333,333 units (each = 1 common share + 1 warrant).
• Price per unit: C$0.075.
• Gross proceeds: Approximately C$1,000,000.
• Warrant terms: Exercise price C$0.10 per share; exercisable until February 24 2029.
• Use of proceeds: Exploration activities at the Walker Gossan Project (Australia) and general corporate/working capital needs.
• Insider participation: Insiders subscribed for 2,325,001 units; transaction qualifies as a related‑party exemption under MI 61‑101 (≤25% market cap).
• Regulatory conditions: Closing subject to final TSX Venture Exchange approval; securities subject to a four‑month hold period.
• No finders’ fees were payable in connection with the offering.

Notable Quotes

(No executive quotes included in the release.)