An anonymous director reports
GPM METALS ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT OF UP TO C$1,000,000
GPM Metals Inc. has upsized its previously announced non-brokered private placement to up to 13,333,333 units of the company at a price of 7.5 cents per unit for aggregate gross proceeds of up to approximately $1-million. Each unit will consist of one common share of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 10 cents for a period of 36 months from the closing of the upsized offering.
The proceeds of the upsized offering will be used by the company for exploration efforts at its Walker Gossan project located in Australia and for general corporate purposes and working capital. The upsized offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange. All securities issued under the upsized offering will be subject to a hold period expiring four months and one day from the date of issuance. The upsized offering is expected to close on or about Feb. 19, 2026, or such other date as determined by the company. No finders' fees are expected to be payable in connection with the upsized offering. Insiders of the company are anticipated to subscribe for up to 2,333,333 units under the upsized offering.
About GPM Metals Inc.
GPM Metals is a mineral exploration company exploring for large base metals deposits in Australia. The company's wholly owned Walker Gossan project is a district-scale (190,000 hectares) zinc-silver-lead project in East Arnhem Land NT, Australia.
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