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TORONTO, May 27, 2015 /CNW/ - GPM Metals Inc. (TSX-V:GPM)
(the "Company") is pleased to announce that has closed its
previously announced non-brokered private placement (the
"Offering") pursuant to which it issued 12,000,000 units ("Units")
at a price of $0.08 per Unit, to
raise aggregate gross proceeds of $960,000. Each Unit consists 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. All securities
issued and issuable pursuant to the Offering are subject to a
statutory hold period expiring September 28,
2015.
The Offering remains subject to the final 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. Australia, 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 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.