Great Plains Metals Announces $4 Million Private Placement
Vancouver, BC — February 3, 2026 — Leads & Copy — Great Plains Metals Corp. plans a non-brokered private placement of up to 22,222,222 units at $0.18 each, potentially raising $4,000,000.
Each unit includes one common share and one-half of a common share purchase warrant. A whole warrant allows the holder to buy one common share of the company for $0.28, exercisable up to 24 months after the closing date of the private placement.
The company may pay finder’s fees of 5% cash on some orders, following TSX Venture Exchange policy and securities laws.
The funds raised will go toward advancing the company’s resource projects in Australia and for general working capital.
The private placement is contingent on TSX Venture Exchange approval. All securities issued will be subject to a four-month hold period.
The securities mentioned have not been registered under the U.S. Securities Act of 1933 or state securities laws. Therefore, they cannot be offered or sold in the United States or to U.S. individuals without meeting U.S. Securities Act registration requirements or qualifying for exemptions. No regulatory authority has reviewed or approved this release.
The company is also granting 300,000 incentive stock options to a company officer. Each option lets the holder acquire one common share for $0.20 over five years from the grant date. This grant needs acceptance from the TSX Venture Exchange.
GREAT PLAINS METALS CORP.
Source: Great Plains Metals Corp.
Share this story:
