On April 12, 2024, GMV Minerals Inc closed the transaction. The company issued 535,000 units at a price of CAD 0.15 per Unit for gross proceeds CAD 80,250 in its second and final tranche closing. The total private placement raised CAD 301,350 in gross proceeds with the issuance of 2,009,000 Units. The Company paid finder's fees of CAD 14,286 in cash and 95,240 warrants. All securities issued in this closing of the Private Placement are subject to statutory four month hold periods expiring on August 6th and 13th, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 17 placees and 1 existing insider for 80,000 units. The company has paid finder's fees of CAD 14,628 in cash and issued 95,240 warrants. Each warrant entitles the holder to purchase one common share at the price of CAD 0.25 for a period of one year from the date of issuance.