Genius Announces Non-Brokered Financing of $2,500,000
PRESS RELEASE
April 10, 2017
Genius Properties Ltd. CSE: GNI
GENIUS ANNOUNCES NON-BROKERED FINANCING OF $2,500,000
Genius Properties Ltd. (CSE: GNI) (“Genius” or the “Company”) Genius Properties
Ltd. (CSE: GNI) announces that it will undertake a non-b rokered private placement
offering (the “ Offering”) of up to 16 666 667 units of the Company (the “ Units”) at a
price of $0.15 per Unit for aggregate maxi mum gross proceeds of $2,500,000. Each Unit
will be comprised of one (1) common shar e in the capital of the Company (a “ Common
Share”) and one half of one (1) Co mmon Share purchase warrant (a “ Warrant”). Each
whole Warrant entitles the holder thereof to purchase one (1) Common Share at an
exercise price of $0,25 per share for a period of twelve (12) months from the Closing
Date (the “Warrant Expiry Date”).
A finder's fee might be paid on the Offering, subjec t to the policies of the Canadian
Securities Exchange (“CSE”).
The net proceeds from the Offering will be used for working capital, advancing
exploration on properties and acquisitions.
The securities issuable in c onnection with the Offering are subject to a statutory four
month and one day hold period. Closing of the Offering is an ticipated to be on or about
April 21, 2017, and is subject to receipt of applicable regul atory approvals, including the
approval of the CSE.
About Genius Properties
Genius is a Canadian minera l exploration company focused on developing projects with
some of the world’s most critical metals and minerals.
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking information within the meaning of applicable
Canadian securities laws. All information othe r than historical fact is forward-looking
information. Forward-looking information relates to future events or future performance
and is based on GNI current internal expect ations, estimates, projections, assumptions
and beliefs. Forward-looking information is often, but not always, identified by the use of
words such as “expect”, “project”, “proposed ”, “intend”, “seek”, “anticipate”, “budget”,
“plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”,
“targeting”, “could”, “might”, “should”, “b elieve” and similar expressions. Although
management considers the assumptions and estimates, reflected in forward-looking
information, to be reasonable, based on information currently available, there can be no
assurance that such information will prove to be correct. As a consequence, actual results
may differ materially from those anticipated.
Undue reliance should not be pl aced on forward-looking information which is inherently
uncertain, and subject to known and unknown ri sks and uncertainties (both general and
specific) and other factors that contribute to the possibility that the future events or
circumstances contemplated by the forward looking information will not occur or that
may cause the actual results, level of activ ity, performance or achievements of the
Company to be materially different from t hose expressed or implied by such forward-
looking information. These risks include, but are not limited to risks associated with
general economic conditions, the actual resu lts of current exploration activities,
conclusions of economic evaluations, changes in project parameters as plans continue to
be refined, future metal prices, financial risks and substantial capital requirements.
Further information regarding certain of these risks (as well as risks relating generally to
the Company's business) may be found under th e headings “Risks and Uncertainties”,
“Forward-Looking Information” and “Financial risk factors” in the latest Company's
Management's Discussion & Analysis on www.sedar.com. Readers are cautioned that the
foregoing list of factors that may affect futu re results is not exhaustive. The forward-
looking statements contained in this news rel ease are made as of the date hereof and GNI
does not undertake any obligation to update p ublicly or to revise any of the included
forward-looking statements, except as requi red by applicable law. The forward-looking
statements contained herein are expressly qualified by this cautionary statement.
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
+1 514 294-7000
Email: [email protected]