GPM Metals Inc. Announces Private Placement Financing
TORONTO, ON --(Marketwired - January 12, 2018) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
U.S.
GPM Metals Inc. ("GPM" or the "Company") (TSX VENTURE: 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 10,000,000 units ("Units") at a price of $0.05 per Unit to raise aggregate gross
proceeds of up to $500,000. 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 24 months from the closing of the Offering. Insiders of the Company may subscribe for up
to 8,000,000 Units in the Offering.
The Offering is currently scheduled to close on or about January 24, 2018 and remains subject to the receipt of all applicable
regulatory approvals.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy and / or accuracy of this release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements
that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete
the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, dependence upon regulatory approvals, and exploration risk. Readers are cautioned that
the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove
to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.