January 19, 2021 (Toronto, Ontario) GPM Metals Inc. (“GPM” or the “Company“) (TSX VENTURE:GPM ) announces a non-brokered private placement (the “Offering“) pursuant to which it will issue up to 5,000,000 units (“Units“) and/or special warrants (“Special Warrants“) at a price of $0.05 each to raise aggregate gross proceeds of up to $250,000.00

Each Unit will consist of one common share of the Company (a “Share“) and one share purchase warrant (a “Warrant“), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of $0.10 for a period of 60 months.

Rosseau Asset Management has indicated that they will purchase 2,000,000 Units in the Offering. To the extent that such acquisition would result in the holdings of Rosseau Asset Management exceeding 20% or more of the outstanding Shares of the Company (as calculated on a partially diluted basis, assuming conversion of all convertible securities of the Company held by such persons), the number of Units to be purchased by Rosseau Asset Management will be reduced accordingly so as not to exceed such threshold, and the balance of the Rosseau Asset Management investment will be comprised of Special Warrants. Each Special Warrant will automatically convert into one Unit without any additional payment or action by the holder on the date upon which the Company receives shareholder approval for Rosseau Asset Management to become “control persons” of the Company (within the meaning of the regulations of the TSX Venture Exchange). The Company proposes to seek such shareholder approval at its next annual meeting of shareholders, by ordinary resolution of the disinterested shareholders. In the event that such shareholder approval is not approved at the Company’s next annual shareholders meeting, the Special Warrants shall automatically convert into a loan repayable to Rosseau Asset Management on demand.

All proceeds from the sale of both Units and Special Warrants pursuant to the Offering shall be immediately available to the Company.

Insiders of the Company may subscribe for up to 5,000,000 Units in the Offering (subject to adjustment to provide for the alternative issuance of Special Warrants as described above). 

The insider participation will be considered to be related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101“). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.

 

The Offering is currently scheduled to close on or about February 19, 2021 and remains subject to the receipt of all applicable regulatory approvals.

 

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company  with offices in Toronto and Brisbane.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited.

The Walker Gossan exploration properties have considerable potential to host significant zinc resources.

CONTACT INFORMATION

For information contact;

GPM Metals Inc.

Dan Noone, Interim CEO

Suite 1101-141 Adelaide Street West,

Toronto, Ontario,

M5H 3L5

Telephone : + 416-628-5904

info@gpmmetals.ca

 

GPM Metals Inc. Announces Grant of Options

TORONTO, Dec. 13, 2019 (GLOBE NEWSWIRE) — GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) announces that it has granted an aggregate of 3,100,000 options to directors, officers, consultants and an employee of the Company with such options being exercisable at a price of $0.10 per share until December 13, 2022.
The grant of options is subject to regulatory approval.
About GPM Metals Inc.
GPM Metals is a zinc focused exploration company with offices in Toronto and Brisbane.
The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited.
The Walker Gossan exploration properties have considerable potential to host significant zinc resources.

CONTACT INFORMATION
For further information contact:
GPM Metals Inc.
Dan Noone, Interim CEO
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416 628-5904
Email: info@gpmmetals.ca

Toronto – October 25, 2019 – GPM Metals Inc. (TSXV:GPM) (the “Company” or “GPM”)  provides an update to its Walker Gossan Project, Arnhem Land, Australia.

GPM Metals is pleased to announce that the company has completed the field work program on Exploration License (EL) 24305  & 385 that was proposed to the Northern Land Council (NLC) and The Traditional Owners of the land at the meeting held at Gapuwiyak on the 13^th May 2019.

GPM personnel mobilized and set a camp at EL 24305 on 10 September 2019 and conducted a two week mapping and sampling program. Peter Mullens, CEO; and Greg Duncan, Australian Manager were both present during this field program. Two community members of  the Local Traditional Landowners were also present as monitors. This work confirmed the belief that GPM during its 2016 drill program drilled into a large iron rich zone within dolomitic sediments which potentially forms the siderite rich outer halo to a large “SEDEX style” base metal deposit.

GPM will further review this field work before planning further field work and discussing the results with the NLC and The Local Traditional landowners.

The Project is the subject of farm-in and joint venture agreement between GPM (and its Australian subsidiary) and Rio Tinto Exploration Pty Limited(“RTX”) executed in January 2014, pursuant to which GPM can earn a 75% interest in the Project through meeting staged exploration expenditure requirements. The Project tenure is held by RTX with GPM acting as the operator and manager of exploration, community relations and title grant (see January 27, 2014 press release of the Company available on SEDAR at www.sedar.com).

Title Deed, Work Program and Exploration License (EL 24305) approval was granted in November 2015 by the NLC after a series of meetings and consultations with the TLO’s and GPM Metals in Numbulwar and Darwin.

The Project lies within one of the great metallogenic provinces of the world, the North Australian Zinc Province (NAZP); which currently provides 30% of the world zinc production from a number of significant silver, lead, zinc deposits;   including the Mt. Isa, George Fisher, McArthur River and Century Mines.

The exploration target is a large, strata bound, sediment hosted lead – zinc deposit. Field work planned for 2019 will consist of geological mapping, geochemical sampling and prospecting with the view of identifying vectors towards the center of the mineralized system. To date GPM geologists believe they previously identified and drilled into the iron rich, siderite, outer halo to potentially a major mineralized strata bound Lead Zinc deposit.

 

 

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto and Brisbane.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited.

The Walker Gossan exploration properties have considerable potential to host significant zinc resources.

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Chairman of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.

CONTACT INFORMATION

For further information contact:
GPM Metals Inc.
Peter Mullens, CEO
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416  628-5904
Email: info@gpmmetals.ca

 

 

 

 

 

TORONTO, August 9, 2019 — GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an aggregate of 8,000,000 units (“Units”) at a price of $0.075 per Unit to raise aggregate gross proceeds of $600,000. Each Unit consists of one common share of the Company (a “Share”) and one Share purchase warrant (a “Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise price of $0.10 for a period of 36 months from the closing of the Offering. Insiders purchased an aggregate of 4,800,000 Units in the Offering.

In connection with the Offering, the Company paid cash commission of $7,485 and issued an aggregate of 91,800 broker warrants to eligible registrants assisting in connection with the Offering, with each such broker warrant entitling the holder thereof to acquire one Share at an exercise price of $0.10 for a period of 36 months from the closing of the Offering.

All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring December 10, 2019. The Offering remains subject to the final approval of the TSXV.

For further information please contact:

Peter Mullens, CEO

GPM Metals Inc.

Suite 1101- 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone: + 416 628 5904

Email: info@gpmmetals.ca

 

July 18, 2019 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it proposes to complete a non-brokered private placement (the “Offering”) pursuant to which it will issue up to 7,000,000 units (“Units”) at a price of $0.075 per Unit to raise aggregate gross proceeds of up to $525,000.  Each Unit shall consist of one common share of the Company (a “Share”) and one share purchase warrant (a “Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise price of $0.10 for a period of 36 months from the closing of the Offering.  Insiders of the Company may subscribe for up to 4,000,000 Units in the Offering.

The Offering is currently scheduled to close on or about August 9, 2019, proceeds of the Offering will be used for exploration expenditures at the Company’s properties, and general corporate purposes. The securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

For further information please contact:

Peter Mullens, CEO

GPM Metals Inc.

Suite 1101- 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone: + 416 628 5904

Email: info@gpmmetals.ca