NOT FOR DISSEMINATION IN THE UNITED NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
MONTRÉAL, Jan. 24, 2025 (GLOBE NEWSWIRE) — Genius Metals Inc. (TSXV: GENI) (the Company) accomplished a second tranche of its non-brokered non-public placement providing (the Non-public Placement) and issued 3,087,500 items of the Company (Models) for added gross proceeds of $247,000.
In whole, the Company has raised gross proceeds of $947,000 and issued 11,837,500 Models underneath the Non-public Placement.
Every Unit consists in a single frequent share of the Company (a Frequent Share) and one half of 1 Frequent Share buy warrant (a Warrant). Every complete Warrant entitles its holder to buy one Frequent Share at an train worth of $0.12 per Frequent Share for a interval of 24 months.
All securities issued in reference to the Providing are topic to a statutory maintain interval ending four-month and at some point from the date of their issuance, in accordance with relevant securities legal guidelines. The Providing stays topic to remaining approval from the TSX Enterprise Trade (TSX.V).
The Company intends to allocate the web proceeds from the Providing in direction of the event of the Company’s portfolio in Québec and Morocco, encompassing potential progress alternatives, in addition to for normal working capital functions.
The securities described herein haven’t been, and won’t be, registered underneath america Securities Act of 1933, as amended, (the U.S. Securities Act) or any state securities legal guidelines, and accordingly, might not be provided or offered inside america besides in compliance with the registration necessities of the U.S. Securities Act and relevant state securities necessities or pursuant to exemptions therefrom. This press launch doesn’t represent a proposal to promote or a solicitation to purchase any securities in any jurisdiction.
Digital Advertising Companies Settlement
Moreover, Genius Metals Inc. is happy to announce that it has entered right into a Digital Advertising Companies Settlement (the “Agreement”) with Senergy Communications Capital Inc. (“Senergy”). Underneath the Settlement, Senergy will present a complete suite of providers, together with digital promoting, media program administration, social media advertising, and shareholder communications. The Settlement covers a four-month time period, from January 1 to April 30, 2025, with Genius Metals agreeing to a cost of C$40,000 plus GST for these providers.
Contact Info “ Senergy Communications Capital Inc.
CEO: Aleem Fidai
Deal with: 1122 Mainland Road, Suite 228, Vancouver, BC V6B-5L1
E-mail: aleem@senergy.capital
Cellphone: (778) 772-6740
Web site: www.senergy.capital
In regards to the Firm
Genius Metals is a Canadian mineral exploration firm centered on the acquisition, exploration and, if warranted, growth of pure useful resource properties of advantage in Morocco and in Canada.
Contact Info
Pierre-Olivier Goulet
Vice-President Company Improvement
E-mail: pogoulet@geniusmetals.com
1-450-821-5270
Man Goulet
President and CEO
E-mail: ggoulet@geniusmetals.com
1-514-294-7000
Ahead-Wanting Statements and Disclaimer
Sure info contained herein might represent forward-looking info underneath Canadian securities laws. Typically, forward-looking info could be recognized utilizing forward-looking terminology resembling, might be, anticipated or variations of such phrases and phrases or statements that sure actions, occasions or outcomes will happen. Ahead-looking statements are based mostly on the Company’s estimates and are topic to identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Company to be materially completely different from these expressed or implied by such forward-looking statements or forward-looking info. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking info. The Company won’t replace any forward-looking statements or forward-looking info which are integrated by reference herein, besides as required by relevant securities legal guidelines.
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this information launch.
Supply: Genius Metals Inc.
