GMV Minerals Inc. Successfully Completes Final Tranche of its Non-Brokered Private Placement

GMV Minerals Inc. has announced the closure of the second and final tranche of its non-brokered private placement on April 12, 2024. The Vancouver-based exploration company raised $80,250 in this tranche through the sale of 535,000 units at $0.15 each. Overall, the private placement garnered $301,350 with 2,009,000 units sold. Each unit comprises a common share and a half warrant, with each full warrant allowing the purchase of an additional share at $0.25 for a year.

The recent funding has earmarked finder's fees of $14,286 and an additional 95,240 warrants. The completion of the private placement awaits the final nod from the TSX Venture Exchange, alongside the compliance to the four-month statutory hold periods and the applicable securities legislation.

GMV Minerals plans to utilize the net proceeds to advance exploration at the Mexican Hat gold property in Arizona and the Daisy Creek Lithium project. The funds will also support general working capital needs. This strategic move aims to expand the company's exploration endeavors and capitalize on its significant mineral assets.