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TICKERS: PGE; PGEZF; 5D32

Firm Cashed Up to Explore PGE-Base Metals Asset in Montana
News Update

Source:

The company closes a first tranche of a private placement for proceeds of approximately CA$1.5 million.

Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) closed the first tranche of its nonbrokered private placement for gross proceeds of CA$1,500,499, it announced in a news release.

Via the transaction, the Vancouver-based company issued 10,715,850 units at CA$0.14 apiece. Each unit comprises one common share and one half-share purchase warrant. With each full warrant, the holder may buy one common share at CA$0.21 for 36 months after closing.

Group Ten stated that it intends to use the proceeds for working capital and for exploring its Stillwater West platinum group elements-nickel-copper project in Montana. In that regard, Group Ten's company's exploration team is on site, and its drill contractor is en route, for the start of work in the near term.

"We are very pleased with the response to both our 2019 program and now our placement. Our exploration team is in place and our drill contractor is now mobilizing to site to begin work in the near term. We look forward to making further announcements in this regard soon," stated President and CEO Michael Rowley.

The company noted that the news release does not constitute an offer of securities for sale in the United States.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Group Ten Metals. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Group Ten Metals. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Group Ten Metals, a company mentioned in this article.




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