GMV Minerals Inc. Completes $4.53M Private Placement

GMV Minerals Inc., a Canadian exploration company, has successfully closed its non-brokered private placement. Announced earlier in December, this offering resulted in gross proceeds of $4,530,500 through the sale of 22,652,500 units at $0.20 each. The financing aligns with National Instrument 45-106 and is exclusive to investors outside Quebec, Canada, and other compliant jurisdictions.

Each unit comprises one common share and one half of a warrant. A full warrant allows the purchase of an additional common share at $0.35 for 30 months post-closing. The offering, pending TSXV approval, excludes participation by insiders.

Proceeds will advance the Mexican Hat Gold project in Arizona and support general operations. Finder’s fees involve cash and 1,071,175 non-transferable warrants, subject to legislated hold periods.