GPM Metals Inc. Announces Record Date for Distribution of Sandy Lake Shares

September 1, 2016 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) announces it has set September 13, 2016 (the “Record Date”) as the record date for the distribution (the “Distribution”) to its shareholders of approximately 40,000,000 common shares (the “Consideration Shares“) of Sandy Lake Gold Inc. (formerly Lago Dourado Minerals Ltd.) (“SLG“) which it received as consideration for the sale of its interests in the Sandy Lake district of Northwestern Ontario to SLG. The Distribution will be effected by way of return of stated capital.  The Distribution will take place on September 16, 2016, and in connection therewith, each registered shareholder of GPM as of the Record Date will be entitled to receive approximately 0.65 Consideration Shares for each common share of GPM held, provided that no shareholder will be entitled to receive any fractional interests in Consideration Shares (or cash payment or any other form of consideration in lieu thereof) and any such fractional interests shall be rounded down to the nearest whole number.

 

For further information please contact:

 

John Patrick Sheridan

Chief Executive Officer

(416) 628-5904

Email: [email protected]

 

Neither the 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 and / or accuracy of this release.

 

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Distribution as currently proposed or at all, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

GPM Metals announces commencement of Drill Program at Walker Gossan Project, NT. Australia

TORONTO, August 10, 2016 : GPM Metals Inc. (TSXV: GPM) (the “Company” or “GPM”) is pleased to  announce the commencement of a 5,000 metre drilling program at the Walker Gossan Project (WGP), Arnhem Land, Northern Territory, Australia. The program consists of approximately 20 boreholes, utilizing both diamond drill and reverse circulation (RC) drilling.

 

The Project is a joint venture with Rio Tinto Exploration Pty. Ltd. (see January 27, 2015 press release of the Company).

GPM is the operator of the project and has a right to earn in 51% of the project during Stage 1 of Joint Venture Agreement (“Agreement”), subject to certain conditions as outlined in the terms of the Agreement (see January 27, 2015 press release of the Company available on SEDAR at www.sedar.com).

The exploration target is a large, strata bound, sediment hosted silver-zinc-lead deposit. Initial soil and rock sampling conducted in 2015 has outlined a continuous 3 km X 500 m zone of anomalous zinc and lead.

 

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the Pasco Project, Department of Pasco, Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

 

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.

 

For further information contact:

 

GPM Metals Inc.

Att: John Patrick Sheridan,  CEO

Suite 1205 – 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone : (416) 628-5904 xt 4002

Telefax :       (416) 628-6835

Email: [email protected]

 

Forward Looking Statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements.  Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although GPM believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as GPM can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from planned exploration and drilling activities; GPM’s future plans for operational expenditures; the accuracy of the interpretations of exploration and drilling activity results; availability of financing to fund current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which GPM has property interests; the general continuance of current industry conditions; aboriginal matters; the timely receipt of any required regulatory approvals; the ability of GPM to obtain qualified staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of each project in which GPM has property interests to operate in a safe, efficient and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions in which GPM has property interests. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: risks associated with the uncertainty of exploration results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the availability of labour and/or equipment, the fluctuating prices of commodities, the availability of financing and GPM’s dependence on its management personnel, other participants in the property areas and/or certain other risks detailed from time-to-time in GPM’s public disclosure documents, (including, without limitation, those risks identified in this news release and GPM’s current management’s discussion and analysis). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

 

Neither the 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 and / or accuracy of this release

© 2016

TORONTO, August 10, 2016 : GPM Metals Inc. (TSXV: GPM) (the “Company” or “GPM”) is pleased to  announce the commencement of a 5,000 metre drilling program at the Walker Gossan Project (WGP), Arnhem Land, Northern Territory, Australia. The program consists of approximately 20 boreholes, utilizing both diamond drill and reverse circulation (RC) drilling.

 

The Project is a joint venture with Rio Tinto Exploration Pty. Ltd. (see January 27, 2015 press release of the Company).

GPM is the operator of the project and has a right to earn in 51% of the project during Stage 1 of Joint Venture Agreement (“Agreement”), subject to certain conditions as outlined in the terms of the Agreement (see January 27, 2015 press release of the Company available on SEDAR at www.sedar.com).

The exploration target is a large, strata bound, sediment hosted silver-zinc-lead deposit. Initial soil and rock sampling conducted in 2015 has outlined a continuous 3 km X 500 m zone of anomalous zinc and lead.

 

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.

The Company’s current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the Pasco Project, Department of Pasco, Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

 

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.

 

For further information contact:

 

GPM Metals Inc.

Att: John Patrick Sheridan,  CEO

Suite 1205 – 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

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GPM Metals Inc. announces the grant of stock options

TORONTO, July 26 – GPM Metals Inc. (TSX-V: GPM) (the “Company”) announces that it has

granted effective July 26, 2016 an aggregate of 3,825,000 options to directors, employees and

consultants of the Company with such options being exercisable at a price of $0.50 per share

until July 26, 2019.

The options vest as to 25% immediately and 25% after 6, 12 and 18 months respectively from the date of grant.

 

About GPM Metals;

GPM Metals is a zinc focused exploration company.

The Company’s current holdings include the district scale Walker Gossan Project, NT., Australia, a

joint venture with Rio Tinto Exploration PTY Limited;  and the Pasco Project , Department of Pasco , Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable

potential host significant zinc resources.

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for this release.

 

For further information:

J. Patrick Sheridan

1205 -141 Adelaide Street West

Toronto, ON. Canada

M5H 3L5

Phone 416.628.5904 xt 4002

[email protected]

 

GPM Metals Inc. and Sandy Lake Gold Inc. (formerly Lago Dourado Minerals Ltd.)Announce Closing of Property Sale

TORONTO, ONTARIO–(Marketwired – Jul 21, 2016) – Sandy Lake Gold Inc. (formerly Lago Dourado Minerals Ltd.) (TSX VENTURE:SDL) (“Sandy Lake“) and GPM Metals Inc. (TSX VENTURE:GPM) (“GPM“) are pleased to announce that they have completed the previously announced acquisition (the “Acquisition“) by Sandy Lake from GPM of GPM’s property interests in the Sandy Lake district, Northwestern Ontario. As consideration for the Acquisition, Sandy Lake issued an aggregate of 40,000,000 common shares (the “Consideration Shares“) to GPM. It is a condition of the Acquisition that GPM shall effect a distribution of the Consideration Shares to its shareholders as soon as possible following the closing of the Acquisition, further details of which will be announced by GPM in due course. The Consideration Shares are subject to a statutory hold period expiring November 22, 2016.

Immediately prior to completion of the Acquisition, the subscription receipts issued by Sandy Lake (“Subscription Receipts“) on June 14, 2016 were automatically converted into an aggregate of 12,000,000 common shares of Sandy Lake, without any further action on the part of the holders thereof, and the proceeds from the sale of such Subscription Receipts were released to Sandy Lake from escrow.

Also in completion with the Acquisition, Sandy Lake filed articles of amendment to change its name from “Lago Dourado Minerals Ltd.” to “Sandy Lake Gold Inc.” (the “Name Change“), and the board of directors of Sandy Lake was reconstituted to consist of Michele McCarthy, Jon Douglas, Daniel Noone, Alexander Po and Bruce Rosenberg. The common shares of Sandy Lake giving effect to the Name Change are expected to commence trading on the TSX Venture Exchange under the new symbol “SDL” at the open on Friday, July 22, 2016.

Forward-Looking Statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements. Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of Sandy Lake and GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although Sandy Lake and GPM believe that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as neither Sandy Lake nor GPM can give any assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the timing of the distribution of the Consideration Shares by GPM, and the timing of the trading of the common shares of Sandy Lake giving effect to the Name Change. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: risks that the distribution of the Consideration Shares by GPM may not be completed as currently proposed or at all, and the uncertainty of regulatory timing, as well as certain other risks detailed from time-to-time in Sandy Lake’s and/or GPM’s public disclosure documents. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and neither Sandy Lake nor GPM undertakes any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

 

Neither the 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 and / or accuracy of this release.

 

GPM Metals, Lago Dourado property agreement

2016-07-19 18:03 ET – Property Agreement

Also Property Agreement (C-LDM) Lago Dourado Minerals Ltd (2)
The TSX Venture Exchange has accepted for filing documentation relating to an agreement dated May 16, 2016, between Lago Dourado Minerals Ltd. and GPM Metals Inc. Pursuant to the agreement, Lago shall acquire all of the property interests of the company in the Sandy Lake district in Northwestern Ontario.

As consideration, Lago shall issue 40 million shares to the company.

For more information, refer to the company’s news release dated March 29, 2016.

GPM Metals Inc. Announces Closing of Private Placement

 

May 24, 2016 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an aggregate of 28,333,333 special warrants (“Special Warrants”) at a price of $0.15 per Special Warrant to raise aggregate gross proceeds of $4,250,000.  Each Special Warrant will automatically convert into one common share of the Company without any additional payment or action by the holder on September 21, 2016.

 

The Company also issued an aggregate of 853,500 broker warrants to eligible registrants assisting in connection with the Offering, each entitling the holder to acquire one common share of the Company at an exercise price of $0.15 for one year.  All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring September 21, 2016.  The Offering remains subject to the final approval of the TSX Venture Exchange.

 

Proceeds from the financing will be used to conduct a 5,000 metre drilling program at the Company’s Walker Gossan zinc project, as well as advance the Pasco zinc project in Peru.

 

ABOUT GPM METALS INC.

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. The Company is currently conducting exploration programs on 2 district scale projects in stable jurisdictions.

 

,

For further information please contact:

 

John Patrick Sheridan

Chief Executive Officer

(416) 628-5904

Email: [email protected]

 

Neither the 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 and / or accuracy of this release.

 

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to receive all final regulatory approvals, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Lago Dourado Minerals Ltd. and GPM Metals Inc. Announce Execution of Definitive Agreement

Toronto, Ontario, May 16, 2016 – Lago Dourado Minerals Ltd. (TSXV:LDM) (“Lago”) and GPM Metals Inc. (TSXV:GPM) (“GPM”) are pleased to announce that they have entered into a definitive agreement (the “Definitive Agreement”) governing the terms and conditions of the previously announced proposed acquisition (the “Acquisition”) by Lago from GPM of GPM’s interests in the Sandy Lake district, Northwestern Ontario.  A copy of the Definitive Agreement is available under the profiles of each of Lago and GPM on SEDAR at www.sedar.com.  All other details of the Acquisition remain as previously disclosed in the joint press release of Lago and GPM dated March 29, 2016, also available on SEDAR.

The Acquisition remains subject to various conditions including the receipt of all requisite shareholder and regulatory approvals (including, without limitation, the approval of the TSX Venture Exchange).

***

For further information please contact:

 

Lago Dourado Minerals Ltd.

Forbes Gemmell, President and Chief Executive Officer

Tel: (416) 845-4942

Email: [email protected]

GPM Metals Inc.

John Patrick Sheridan, Chief Executive Officer

Tel: (416) 628-5904
Email: [email protected]

Forward Looking Statements

 

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements. Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of Lago and GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although Lago and GPM believe that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as neither Lago nor GPM can give any assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the completion of the Acquisition either as currently proposed or at all, and the timely receipt of all applicable shareholder and regulatory approvals. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: risks that the Acquisition may not be completed as currently proposed or at all, and the uncertainty of obtaining all applicable regulatory and shareholder approvals, as well as certain other risks detailed from time-to-time in Lago’s and/or GPM’s public disclosure documents. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and neither Lago nor GPM undertakes any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

 

Neither the 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 and / or accuracy of this release.

 

GPM Metals Inc. Announces Increased Private Placement

May 2, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) is pleased to announce that it has increased the size of its previously announced non-brokered private placement (the “Offering”), which will now consist of up to 28,333,333 special warrants (“Special Warrants”) at a price of $0.15 per Special Warrant to raise aggregate gross proceeds of up to $4,250,000. All other terms of the Offering remain as previously announced by the Company on April 18 and 29, 2016.

For further information please contact:

John Patrick Sheridan
Chief Executive Officer
(416) 628-5904 ext4002
Email: [email protected]

Neither the 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 and / or accuracy of this release.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

GPM Metals Inc. Announces Amended Private Placement

April 29, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) announces today that it has amended the terms of its proposed non-brokered private placement (the “Offering”) that was previously announced on April 18, 2016, which will now consist of up to 25,000,000 special warrants (“Special Warrants”) at a price of $0.15 per Special Warrant to raise aggregate gross proceeds of up to $3,750,000. Each Special Warrant will automatically convert into one common share of the Company without any additional payment or action by the holder on the date which is four months following the closing of the Offering. The Offering is expected to close on or about May 13, 2016 and remains subject to the receipt of all regulatory approvals. The gross proceeds of the Offering will be released to the Company upon closing. Subscribers in the Offering will not be entitled to participate in the previously announced distribution of the common shares of Lago Dourado Minerals Ltd. (“Lago”) which the Company proposes to effect in connection with its sale to Lago of its property interests in the Sandy Lake district of Northwestern Ontario. Insiders of the Company may acquire up to 15,000,000 Special Warrants in the Offering. All other terms of the Offering remain as previously announced by the Company on April 18, 2016. For further information please contact: John Patrick Sheridan Chief Executive Officer (416) 628-5904 Email: [email protected] Neither the 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 and / or accuracy of this release. Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

GPM Metals Inc. Announces Amendment to Record Date for Distribution

April 28, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) announces that at the request of the TSX Venture Exchange, ‎it has cancelled the record date of May 2, 2016 previously announced for the distribution to its shareholders of the 40,000,000 common shares of Lago Dourado Minerals Ltd.(the “Consideration Shares”) which it is to receive as consideration for the proposed sale (the “Proposed Sale”) of its property interests in the Sandy Lake district of Northwestern Ontario. The new record date for the distribution of the Consideration Shares will be set and announced by the Company closer to the closing date of the Proposed Sale. ‎

For further information please contact:

John Patrick Sheridan
Chief Executive Officer
(416) 628-5904
Email: [email protected]

Neither the 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 and / or accuracy of this release.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Proposed Sale and/or distribution of the Consideration Shares as currently proposed or at all, and dependence upon shareholder and regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.