on GMV Minerals, Inc. (NASDAQ:GMVMF)
GMV Minerals Upsizes Private Placement Amid Strong Demand
GMV Minerals Inc., based in Vancouver, has announced an increase in its non-brokered private placement from CAD 4 million to CAD 4.55 million. This adjustment follows robust investor interest and aims to support the company's ongoing initiatives. The Offering, accessible to Canadian investors (excluding Quebec) and select international markets, includes up to 22,750,000 units at CAD 0.20 per unit. Each unit comprises one common share and half a purchase warrant, with whole warrants exercisable at CAD 0.35 for 30 months.
Proceeds will advance exploration of the Mexican Hat Gold project in Arizona. Closing is expected in tranches, with initial closure on December 19, 2025. Conditional on approvals, the Offering excludes U.S. markets. Additionally, finders may assist on a best efforts basis, receiving compensation of 7% cash and equivalent warrants.
R. H.
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