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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 “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 Fidai
Address: 1122 Mainland Street, Suite 228, Vancouver, BC V6B-5L1
Email: aleem@senergy.capital
Phone: (778) 772-6740
Website: www.senergy.capital