GPM Metals Completes Non-Brokered Private Placement

Core Viewpoint - GPM Metals Inc. has successfully closed a non-brokered private placement, raising approximately C$1,000,000 through the issuance of 13,333,333 units, each consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The units were sold at a price of C$0.075 per unit, with each warrant allowing the holder to purchase one common share at C$0.10 until February 24, 2029 [1]. - The proceeds from the offering will be allocated for exploration at the Walker Gossan Project in Australia, as well as for general corporate purposes and working capital [2]. Group 2: Insider Participation - Insiders subscribed for 2,325,001 units in the offering, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - This insider participation is exempt from formal valuation and minority shareholder approval requirements, as it does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - GPM Metals Inc. is focused on mineral exploration, particularly for large base metals deposits in Australia, with its Walker Gossan Project covering 190,000 hectares in East Arnhem Land, NT, Australia [5].