GPM Metals Closes Sale of Guyana Properties
01 April 2015 - 6:24AM
PR Newswire (Canada)
TORONTO, March 31, 2015 /CNW/ - 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.
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.
SOURCE GPM Metals Inc.
Copyright 2015 Canada NewsWire
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