Genius Announces Closing of Financing and Acquisitions
PRESS RELEASE
May 26, 2017
Genius Properties Ltd. CSE: GNI
GENIUS ANNOUNCES CLOSING OF FINANCING AND ACQUISITIONS
Genius Properties Ltd. ( “Genius” or the “Company”) (CSE: GNI) is pleas ed to
announce the closing of its previously announced non- brokered private placement
offering (the “Offering”) of 5,441,566 units of the Company (the " Units") at a price of
$0.15 per Unit for aggregate gross proceeds of $831,250. Each unit consists of one (1)
common share (a “Share”) and one half of one (1/2) share purchase warrant, entitling the
holder to purchase an additional common share at a price of $0.25 per share until May 26,
2018 (the "Warrant Expiry Date").
In the event that, during the period following 12 months from the closing date, the
volume-weighted average trading price of the Shares exceeds $0.50 per Share for any
period of 20 consecutive trading days, the Company may, at its option, following such
20-day period, accelerate the Warrant Expiry Date by delivery of notice to the registered
holders (an " Acceleration Notice ") thereof and issuing a press release (a " Warrant
Acceleration Press Release ", and, in such case, the Warrant Expiry Date shall be
deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later of (i) the date
on which the Acceleration Notice is sent to Warrant holders, and (ii) the date of issuance
of the Warrant Acceleration Press Release.
The net proceeds of the private placement will be used for exploration and general
working capital.
The Company is also pleased to report that it closed the acquisitions of a 100% interest in
the Sakami and Kuujjuaq properties, which cover various mineral resources in the
Province of Quebec (the “ Acquisitions”). The terms o f the Acquisitions are more fully
described in the Company’s news release dated April 6, 2017.
All securities issued under the Acquisitions and the Offering are subject to a hold period
expiring September 27, 2017.
About Genius Properties
Genius is a Canadian mineral exploration company focused on developing projects with
some of the world’s most critical metals and minerals. Genius is the ideal partner for
exploration companies and capital pool companies looking for a qualifying transaction
and projects of merit.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
For more information, please contact:
Guy Goulet, President & CEO
Email: [email protected]