GMV Minerals Inc. Finalizes Private Placement Funding

GMV Minerals Inc. announced the closure of a non-brokered private placement, securing $406,000 by issuing 2,706,667 units at $0.15 each. These securities, encompassing a common share and a warrant per unit, are subject to a four-month hold ending on August 20, 2024. Each warrant allows the purchase of an additional share at $0.25 within the next 24 months. The Toronto Stock Exchange Venture must still approve this placement.

The funds raised will support ongoing exploratory efforts at GMV's primary ventures—the Mexican Hat gold property in S.E. Arizona and the Daisy Creek Lithium project. These resources are expected to advance substantially utilizing the newly acquired capital, along with supporting the company's general working capital needs. Importantly, no finder's fees were associated with this transaction.