Mr. Ken Booth reports
GITENNES FINANCING UPDATE
Further to Gitennes Exploration Inc.'s news release of Dec. 5, 2023, regarding a private placement of non-flow-through units and flow-through units that none of the proceeds will be used for payments to non-arm's-lengths parties or for investor relations services, the proceeds from the flow-through portion of the financing will be used entirely to explore the company's exploration properties.
Finder's Fees will be paid on the financing to EMD Financial.
All securities issued pursuant to the Placement are subject to a four month and one day hold period in Canada. The Placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral properties The Company currently has three properties in the Sept Iles region of Quebec where the Company is exploring for nickel, REE, niobium and tantalum and three gold properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell and a 1.5% Net Smelter Return royalty on the 18-million-ounce Urumalqui Silver Project in Peru. The Company recently sold its gold properties in the Gaspe Region of Quebec. All properties are 100% owned by Gitennes except for New Mosher which is under option and Gitennes can earn an initial 70% and has the right to increase its ownership to 85%.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.