| GPM METALS CLOSES SALE OF GUYANA PROPERTIES | |
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TORONTO, March 31, 2015 - GPM Metals Inc. ("GPM" or the "Company") announces it has completed the previously announced sale of its Guyana exploration properties to Bartica Investments Ltd. ("Bartica") effective March 30, 2015. As consideration for the sale, the Company is entitled to an aggregate cash payment of $650,000, of which $350,000 was paid at closing and the balance is payable on or prior to the first anniversary of closing. The sale is a non-arms length transaction as Mr. Patrick Sheridan is both an officer and director of the Company, as well as a significant shareholder of Bartica.
For further information, please refer to the details of transaction previously disclosed in a news release of GPM dated June 13, 2014, available on SEDAR at www.sedar.com.
For further information contact:
GPM Metals Inc.
Suite 301
141 Adelaide Street West
Toronto, Ontario M5H 3L5
Attn: John Patrick Sheridan, CEO
Tel: (416) 628-5904
Fax: (416) 628-6835
E-mail: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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GPM Metals Inc.
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CODE : GPM.V |
ISIN : CA36198C2085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
GPM Metals is a silver and copper development stage company based in Canada. GPM Metals holds various exploration projects in Canada. Its main exploration properties are KUGLUKTUK (FORMERLY COPPERMINE) and COPPERMINE RIVER (CORONATION GULF) in Canada. GPM Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.9 millions as of today (US$ 4.7 millions, € 4.1 millions). Its stock quote reached its highest recent level on November 14, 2003 at CA$ 3.72, and its lowest recent point on March 27, 2020 at CA$ 0.03. GPM Metals has 90 230 000 shares outstanding. |