Vancouver, British Columbia–(Newsfile Corp. – June 8, 2023)- GMV Minerals Co., Ltd. (TSXV: GMV) (OTCQB: GMVMF) (the “Company” or “GMV”) is pleased to announce that the Unbrokered Private Placement has closed with the issuance of 10,009,864 Units at a price of $0.14 per Unit as total proceeds. think. All issued securities have a four-month holding period and expire on October 3, 2023 at $1,401,381.

Each unit of this offer consists of one share of common stock in the Company’s capital (each a “Common Share”) and one share purchase warrant (“Stock Acquisition Rights”). Each Stock Acquisition Holder may, at any time within 24 months after closing, purchase one additional share of his GMV common stock at a price of $0.22 per share. The funding will include a finder’s fee of $5,519 in cash and 39,420 warrants (on equal terms). Company insiders will participate in the private placement for $78,400 (560,000 units).

Net proceeds from the sale will be used to advance exploration activities at the Company’s 100% managed Mexican Hat Gold Asset in southeastern Arizona, to advance exploration at the Daisy Creek Lithium Project, and for general working capital.

About GMV Minerals Co., Ltd.

GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metals assets in Arizona. GMV, through its wholly-owned subsidiary, owns a 100% interest in a mining property lease commonly referred to as Mexican Hat Property located in Cochise County, Arizona, USA. This project was first considered by Placer Dome (USA) in the late 1980s and early 1990s. GMV focuses on asset development and maximizing the asset’s mineral potential through short-term gold production. GMV. Recently, National Instrument updated its estimated Mineral Resource to 36,733,000 tonnes, rated 0.58 g/t gold with a 0.2 g/t cutoff, and contains 688,000 ounces of gold.

On behalf of the Board of Directors

____________________________________________________________________

Ian Klassen, President

Cautionary Note Regarding Forward-Looking Information

This news release contains certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe our future plans, objectives or goals, including statements that we or management expect the stated circumstances or results to occur. Forward-looking statements are defined as “believes,” “anticipates,” “expects,” “estimates,” “may,” “could,” “would,” “plans,” or ” It may be identified by terms such as “to plan”. Forward-looking statements are based on assumptions and address future events and circumstances and, by their nature, are subject to inherent risks, as described in our filings with Canadian securities regulators. and uncertainty. There can be no assurance that such statements will be accurate, as actual results or future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. .

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release..

For more information, please contact:

GMV Minerals Co., Ltd.
Ian Klassen
Phone: (604) 899-0106
Email: info@gmvminerals.com

To view the source version of this press release, please visit: https://www.newsfilecorp.com/release/169353