GMV Minerals to sell C$2.5 million of units through private placement

By Devika Patel

Knoxville, Tenn., May 10 - GMV Minerals Inc. said it plans a C$2.5 million private placement of units. Max Capital Markets Ltd. is the agent.

The company will sell units of one common share and one half-share warrant, with each whole warrant exercisable for 18 months.

Proceeds will be used for exploration and for working capital.

Based in Richmond, B.C., GMV explores for minerals.

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