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Group Ten Metals (TSXV: PGE) has announced a non-brokered private placement

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The company is looking to raise gross proceeds of up to $3 million from the placement of up to 15 million units priced at $0.20 per unit. The units consist of 1 share and 1warrant, with each warrant exercisable at $0.30 for 36 months

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Company: Group Ten Metals
Website: http://www.GroupTenMetals.com
Stock Symbol: TSXV: PGE
Date Published: Jun 26, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Group Ten Metals has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $3 million from the placement of up to 15 million units priced at $0.20 per unit.

The units consist of 1 share and 1warrant, with each warrant exercisable at $0.30 for 36 months

The shares are currently trading at $0.20.

The net proceeds from the Offering will be used for exploration at the company's Stillwater West PGE-Nickel-Copper project in Montana, USA, and working capital purposes.

Michael Rowley, President and CEO, stated: "We are very pleased with the level of interest in the Company and our 2020 program from new investors and existing shareholders alike. The Stillwater West PGE-Ni-Cu-Co project, now owned 100% by Group Ten, offers a rare opportunity to participate in a district-scale asset focused on the delineation and development of strategic commodities, in a productive mining district, in the USA. Proceeds from this placement will complement our in-the-money warrants and cash on hand to drive a more robust drill program at Stillwater West this year, where the technical team is now in place advancing earlier stage targets. We are fully permitted and look forward to providing additional details on our exploration plans, plus updates on 3D models now underway at the most advanced target areas."

Group Ten Metals, a Canadian mineral exploration company, is focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions.

The Company's core asset is its Stillwater West PGE-Nickel-Copper project adjacent to Sibanye-Stillwater's high-grade PGE mines in Montana, USA.

The project features an extensive database, including almost 12,000 meters of core, to which Group Ten is applying modern geological models developed in South Africa at Ivanhoe’s Platreef and Anglo American’s Mogalakwena mines.

Compilation and analysis by Group Ten shows the potential for much larger mineralized systems than have been previously recognized.

Group Ten also holds the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario and the Kluane PGE-Nickel-Copper project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

Group Ten is a member of the Metallic Group, a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry's highest-grade producers of silver and gold, platinum and palladium, and copper.

Other member companies include Metallic Minerals in the Yukon's high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, and Granite Creek Copper in the Yukon's Minto copper district.

For more information, please visit www.GroupTenMetals.com, contact Michael Rowley, President and CEO, at 604-357-4790, or email info@GroupTenMetals.com.

I’m Fiona Forbes for Investmentpitch Media