Genius Metals Inc. Completes a Second Tranche of a Non-Brokered Private Placement and Signs a Marketing Agreement
January 24 2025 - 8:54AM
Genius Metals Inc. (TSXV: GENI) (the “Corporation”) completed
a second tranche of its non-brokered private placement offering
(the “
Private Placement”) and issued 3,087,500
units of the Corporation (“Units”) for additional gross proceeds of
$247,000.
In total, the Corporation has raised gross
proceeds of $947,000 and issued 11,837,500 Units under the Private
Placement.
Each Unit consists in one common share of the
Corporation (a “Common Share”) and one half of one Common Share
purchase warrant (a “Warrant”). Each whole Warrant entitles its
holder to purchase one Common Share at an exercise price of $0.12
per Common Share for a period of 24 months.
All securities issued in connection with the
Offering are subject to a statutory hold period ending four-month
and one day from the date of their issuance, in accordance with
applicable securities laws. The Offering remains subject to final
approval from the TSX Venture Exchange (“TSX.V”).
The Corporation intends to allocate the net
proceeds from the Offering towards the development of the
Corporation’s portfolio in Québec and Morocco, encompassing
potential growth opportunities, as well as for general working
capital purposes.
The securities described herein have not been,
and will not be, registered under the United States Securities Act
of 1933, as amended, (the “U.S. Securities Act”) or any state
securities laws, and accordingly, may not be offered or sold within
the United States except in compliance with the registration
requirements of the U.S. Securities Act and applicable state
securities requirements or pursuant to exemptions therefrom. This
press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
Digital Marketing Services
Agreement
Additionally, Genius Metals Inc. is pleased to
announce that it has entered into a Digital Marketing Services
Agreement (the "Agreement") with Senergy Communications Capital
Inc. ("Senergy"). Under the Agreement, Senergy will provide a
comprehensive suite of services, including digital advertising,
media program management, social media marketing, and shareholder
communications. The Agreement covers a four-month term, from
January 1 to April 30, 2025, with Genius Metals agreeing to a
payment of C$40,000 plus GST for these services.
Contact Information – Senergy
Communications Capital Inc.
CEO: Aleem FidaiAddress: 1122 Mainland Street,
Suite 228, Vancouver, BC
V6B-5L1Email: aleem@senergy.capitalPhone: (778)
772-6740Website: www.senergy.capital
About the Company
Genius Metals is a Canadian mineral exploration
company focused on the acquisition, exploration and, if warranted,
development of natural resource properties of merit in Morocco and
in Canada.
Contact Information
Pierre-Olivier GouletVice-President Corporate
DevelopmentEmail: pogoulet@geniusmetals.com1-450-821-5270
Guy GouletPresident and CEOEmail:
ggoulet@geniusmetals.com1-514-294-7000
Forward-Looking Statements and
Disclaimer
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified using forward-looking terminology such as, “will be”,
“expected” or variations of such words and phrases or statements
that certain actions, events or results “will” occur.
Forward-looking statements are based on the Corporation’s estimates
and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of the Corporation to be materially
different from those expressed or implied by such forward-looking
statements or forward-looking information. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. The Corporation will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
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