-
Ukraine says two soldiers died after arrested girl sent Russian poison
-
Volvo Cars shares plunge on losses, job cuts
-
New Greece law bans social media for under-15s
-
France braces for new protests as Macron seeks to restore order
-
Netanyahu orders West Bank closure as attack wounds Israelis before election
-
Kering shares tumble as Gucci fails to reassure investors
-
Asian stocks mixed ahead of weekend as tech recovers early losses
-
West Bank attack wounds 5 as Israel PM cancels events
-
How five Boeing 777s linked Madagascar's power elite to Iran
-
Ahead of APEC summit, Trump comes knocking on Kim's door
-
South Korea proposes holding border talks with North
-
Emergency nurseries rescue DR Congo's Ebola orphans
-
Ukraine's young figure skaters twizzle on despite Russian threat
-
Bezzecchi tops Australian MotoGP practice as wallaby hops onto track
-
Asian football endorses Infantino re-election as FIFA president
-
Under-threat Ospreys bet on new ground and Australian 'stardust'
-
Complete Kane hopes for 'special night' as Ballon d'Or rumours swirl
-
India stirs up its gastronomy with French cooking schools
-
Rooney calls United squad 'selfish babies' after Fernandes criticism
-
Williams, Santos lead Bears over Patriots
-
Teddy Wilson, son of World Cup-winner David, gets Wallabies call-up
-
China's first AI film hits cinemas but ticket sales lag
-
New Zealand military chief resigns over 'inappropriate relationship'
-
Barcelona aiming to put Real Madrid out of sight in Clasico
-
Man Utd's Carrick on borrowed time, free-scoring Brighton face Liverpool
-
Taiwan shuts down as Typhoon Champi approaches
-
Asian stocks head into weekend on a low as tech extends losses
-
370 books in 20 months: S.African author defends her use of AI
-
'Generational rage': Young Europeans fight to be heard
-
76ers rally to stun Cavs in James's first home game for Philadelphia
-
Lula, Bolsonaro to clash once more before Brazil vote
-
How are Ukraine strikes, Mideast war driving US fuel prices?
-
Dressed to kill: Haircuts cap menacing look of Japan's yakuza
-
Colombia's Indigenous Guard up in arms over new president's agenda
-
Napa Valley's wineries feel Trump's tariff squeeze
-
From tech giants to anonymous nonprofits, the biggest donors in US midterms
-
Venezuela protests demand return of Nobel winning leader Machado
-
Israel's far-right Ben Gvir seeks new ground in election
-
Marquez tops incident-packed opening practice for Australian MotoGP
-
Trump slams NBA's LeBron James for national anthem actions
-
New York votes to ban Central Park horse carriages after decades of debate
-
What Does a Race-Ready Bike Actually Cost?
-
Why Regular Boat Maintenance Saves You Money Over Time
-
Eylsia Nicolas Hits #1 in the United States as Her Multi‑Category Chart Sweep Extends Across Global All‑Genres and International Markets
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 23
-
Australia sanctions North Koreans over 'fraudulent' IT work, cybercrime
-
Australia face selection headaches after 'shambolic' South Africa defeat
-
UK singer-songwriter Raye wins Mercury Prize for second album
-
Around 150,000 rally in Belgrade as Serbia heads to pivotal poll
-
Antonelli needs ‘perfect weekend’ to realise title dream
GMV Minerals Announces Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption
Not for distribution to United States newswire services or for dissemination in the United States.
VANCOUVER, BC / ACCESS Newswire / December 5, 2025 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce a non-brokered private placement of up to 20,000,000 units (each, a "Unit") at a price of C$0.20 per Unit for aggregate gross proceeds of up to C$4,000,000 (the "Offering").
The Offering is being carried out pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption") to purchasers resident in Canada, other than Quebec, and in jurisdictions outside of Canada in compliance with the applicable securities laws of those jurisdictions. There is an offering document (the "Offering Document") related to this Offering that can be accessed under GMV's profile at www.sedarplus.ca and on the Company's website at https://gmvminerals.com. Prospective investors should read the Offering Document before making an investment decision.
Each Unit will consist of one (1) common share of the Company (each, a "Unit Share") and one-half of one (½) common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.35 for a period of thirty (30) months following the issue date of the Unit.
The Units issued in the Offering will not be subject to any statutory hold period in Canada, subject to limitations prescribed by the LIFE Exemption. Insiders and certain other existing shareholders of GMV may also subscribe for Units under the Offering.
The Company will engage one or more eligible arm's length finders (the "Finders") in respect of the Offering on a best efforts basis. As compensation for its services, a Finder will receive: (i) cash compensation equal to 7% of the gross proceeds of the Offering raised by such Finder; and (ii) such number of non-transferable common share purchase warrants (the "Finder Warrants") as is equal to 7% of the number of Units placed by such Finder. The Finder Warrants will be exercisable at a price of $0.20 per share any time for a period of thirty (30) months from the date of issuance and will be subject to a statutory hold period expiring four (4) months and one (1) day from the date of closing.
GMV intends to use the net proceeds of the Offering for furthering the exploration and development of its Mexican Hat Gold project in SE Arizona as well as general working capital purposes.
The Offering may close in multiple tranches, with the first tranche closing expected to occur on December 19, 2025, and the final closing to occur no later than December 30, 2025. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the acceptance of the TSXV.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980s to early 1990s. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company's NI 43-101 mineral resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold, with an effective date of July 17, 2024. Additional information on the Mexican Hat Project is available in the technical report titled "Updated Preliminary Economic Assessment, Mexican Hat Project" with an effective date of August 8, 2025 ("PEA"), which is available under GMV Minerals' SEDAR+ profile at www.sedarplus.ca
Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
Technical Information and Cautionary Note Regarding Inferred Mineral Resources
The mine plan evaluated in the PEA is preliminary in nature and includes Inferred Mineral Resources, as defined by NI 43-101 that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Additional drilling and technical studies will need to be completed in order to fully assess its viability. There is no certainty that a production decision will be made to develop the Mexican Hat Project or that the economic results described in the PEA will be realized. Mine design and mining schedules, metallurgical flow sheets and process plant designs will require additional detailed work and economic analysis and internal studies to ensure satisfactory operational conditions and decisions regarding future targeted production. Key assumptions, qualifications and estimates to the results of the PEA are contained in the PEA.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "Measured," "Indicated," "Inferred," and "Resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Offering, including timing, subscribers, and gross proceeds contemplated thereunder, statutory hold periods, and the use of proceeds, and expectations regarding the Mexican Hat Gold project, including the Company's mineral resources. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. These risks, uncertainties and other factors include, among others, the ability to complete the Offering, including the timing and size thereof, ability to obtain all necessary approvals, the final use of proceeds of the Offering, and risks associated with the exploration and development of the Mexican Hat Gold project and our mineral resources. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither 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.
SOURCE: GMV Minerals, Inc.
View the original press release on ACCESS Newswire
O.M.Souza--AMWN