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SERVICES OR FOR DISSEMINATION IN THE U.S./
TORONTO, May 20, 2015 /CNW/ - GPM Metals Inc. (TSX-V:GPM)
(the "Company") is pleased to announce that it proposes to effect a
non-brokered private placement (the "Offering") pursuant to which
it will issue up to 12,000,000 units ("Units") at a price of
$0.08 per Unit, to raise aggregate
gross proceeds of up to $960,000. Each Unit will consist of one
common share of the Company (a "Common Share") and one-half of one
share purchase warrant of the Company, each whole such share
purchase warrant entitling the holder thereof to acquire one
additional Common Share for a period of 24 months at an exercise
price of $0.14 per share.
The Offering remains subject to the approval of the TSX Venture
Exchange.
About GPM Metals Inc.
GPM Metals Inc. focuses on acquiring and exploring district
scale exploration properties. Currently the two main projects are
the Company's Walker Gossan Project, NT. and the Weebigee Gold
Project Sandy Lake, Ontario.
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 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 the
Company, including, but not limited to the impact of general
economic conditions, industry conditions, financing risk and
dependence upon regulatory approvals. 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.
SOURCE GPM Metals Inc.