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File: GNMNews 03-11-15 Fundamental Change Approved Final.docx
Suite 1220 - 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
Telephone (604) 683-3995
Facsimile (604) 683-3988
Toll Free: 1 888 945-4770
GEONOVUS UNDERTAKES FUNDAMENTAL CHANGE OF BUSINESS AND NAME CHANGE
March 11th, 2015, VANCOUVER, B.C. - GEONOVUS MINERALS CORP. (GNM - CSE) (GMINF - USA) ("GeoNovus" or the "Company") an
--->nounces the listing statement filed with the CSE to effect a Fundamental Change (see PR dated February 13, 2015) has b
--->een approved, subject to a financing to be completed by the Company. The Fundamental Change will change its primary f
--->ocus from resource exploration to the Media and Entertainment Industry. GeoNovus has identified opportunities througho
--->ut North America and feels it is poised to capitalize on these opportunities very quickly.
In connection with the business change the Company is in the process of effecting a name change to GeoNovus Media Corp
--->. with the symbol "GNM" expected to remain.
It is currently expected that the Company will seek shareholder approval of the Fundamental Change of Business and Nam
--->e Change by way of obtaining consents from shareholders holding 50% or more of the Company's issued and outstanding co
--->mmon shares.
The Company also announces that it has arranged a non-brokered private placement of up to 12.5 million non-flow-throug
--->h units ("NFT Units") at a price of $0.02 per Unit for aggregate gross proceeds of $250,000 (the "NFT Offering"). Eac
--->h NFT Unit will be comprised of one common share ("Share") and one-half of one Share purchase warrant of the Company (
--->each whole warrant, a "NFT Warrant"). Each NFT Warrant entitles the holder to purchase an additional Share at a price
---> of $0.05 per Share for a period of 12 months. Proceeds from the NFT Offering will be used for the Company's short ter
--->m payables and for general working capital. This sub $0.05 financing is subject to the Company obtaining a waiver from
---> the CSE.
For further information please contact: 604-683-3995 or info@geonovusminerals.com
ON BEHALF OF THE BOARD
Michael England President & CEO
CONTACT INFORMATION
Suite 1220 - 789 West Pender Street
Vancouver, British Columbia, V6C 1H2
Telephone (604) 683-3995
Toll Free: 1 888 945-4770
Facsimile: 1-604-683-3988
www.geonovusminerals.com
info@geonovusminerals.com
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