20:37:52 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



GeoNovus Minerals Corp
Symbol GNM
Shares Issued 39,589,402
Close 2014-07-17 C$ 0.045
Market Cap C$ 1,781,523
Recent Sedar Documents

GeoNovus arranges $550,000 private placement

2014-07-18 17:41 ET - News Release

Mr. Michael England reports

GEONOVUS ANNOUNCES FINANCING

GeoNovus Minerals Corp. has arranged a non-brokered private placement of up to 11 million units at a price of five cents per unit for gross proceeds of up to $550,000.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share at a price of 10 cents for 24 months. The warrants issued with the units sold will be subject to an acceleration provision. After four months have elapsed from closing, if the company's shares trade above 15 cents for 20 consecutive trading days, the company has the option to provide notice to the warrantholders that their warrants will expire if they are not exercised within 30 days.

The proceeds from the private placement will be used for general working capital and potential acquisitions. Finders' fees may be payable on the private placement.

The private placement is subject to the acceptance for filing of the TSX Venture Exchange.

We seek Safe Harbor.

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