Patrick Sheridan Acquires Securities Of GPM Metals Inc.

2021-02-11 / @newsfile

 

Toronto, Ontario--(Newsfile Corp. - February 11, 2021) - Patrick Sheridan (the "Offeror"), announces that he has acquired ownership and control of 2,000,000 common shares (the "Subject Shares") and 2,000,000 share purchase warrants (the "Subject Warrants") of GPM Metals Inc. (the "Company"), representing approximately 3.03% of the issued and outstanding common shares of the Company or 5.87% of the issued and outstanding common shares of the Company on a partially diluted basis, assuming the exercise of the Subject Warrants only.

Upon completion of the transaction described above, the Offeror, together with his joint actor, own and control an aggregate of 8,312,728 common shares of the Company (the "Owned Shares") (of which 7,572,562 are owned by the Offeror directly) and convertible securities entitling the Offeror to acquire an additional 2,800,000 common shares of the Company, representing approximately 12.57% of the issued and outstanding common shares of the Company as of February 11, 2021 (or approximately 16.12% calculated on a partially diluted basis, assuming the exercise of such convertible securities only).

The acquisition of the Subject Shares and Subject Warrants took place pursuant to a private placement and not through any stock market. This transaction was effected for investment purposes and the Offeror and his joint actors (Exploreco International Limited) could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The Subject Shares and Subject Warrants were acquired for an aggregate acquisition cost of $100,000, pursuant to the exemption contained in Section 2.3 of National Instrument 45-106.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting:

Patrick Sheridan
141 Adelaide Street West
Suite 1101
Toronto, Ontario
M5H 3L5
(416) 628-5904
Email: info@gpmmetals.ca

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 OR ACCURACY OF THIS RELEASE.

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