Genius Announces the Completion of Its Due Diligence ON MT. Cameron
PRESS RELEASE
January 4, 2017
Genius Properties Ltd. CSE: GNI
GENIUS ANNOUNCES THE COMPLETION OF ITS DUE DILIGENCE ON
MT. CAMERON
Genius Properties Ltd. (CSE: GNI) (“Genius” or the “Corporation”) is pleased to
announce that it has com pleted its due diligence with respect to its propo sed option to
acquire all of Mt. Cameron Minerals Inc. (“Mt. Cameron”)'s interest in the Mt. Cameron
Graphite Deposit (the “Property”), which was previo usly announced in th e
Corporation’s news release dated October 18, 201 6. The Company intends to proceed in
settling the terms of the a cquisition with Mt. Came ron in a formal option ag reement (the
“Definitive Agreement”), which will replace th e current binding letter of intent dated
October 14, 2016 (the “LOI”).
Under the terms of the Agreement, Genius will have the option (the “Option”) to acquire
up to a 100% interest in the Property.
In order to exercise the Option and acquire a participating interest (the “Initial Interest”)
for 80% of the Property, in addition to the aggrega te cash payments of $125 ,000 and the
issuance of 4,000,000 co mmon shares of the Corp oration at a deemed price of $0.05 per
share which have been completed in accordance with the terms of the LOI and the
assignment agreement dated October 17, 2016, the only remaining obligatio ns of Genius
are to:
� incur $500,000 work ex penditures on or before December 31, 2017 an d an
additional $500,000 on or before December 31, 2018; and
� grant a 3% net smelter re turn royalty (the "Royalty") on the Property, which the
Corporation shall have the right to purchase 2.5% for a sum of $2,000,000.
Following the exercise o f the Initial Option, the Corporation can acquire an additional
20% interest in the Prop erty, through the acquisit ion of Mt. Cameron, (the "Additional
Option") in exchange for a cas h payment of $600,000 on or before be Decemb er 31,
2016 or $700,000 thereafter but no later than December 31, 2018.
Jimmy Gravel, the Presid ent and CEO of the Corp oration stated: “We are e xcited to be
moving forward with the Mt. Cameron project an d expand our footprint in Nova Scotia.
We will ensure our work effort is distributed effic iently in order to advanc e this project,
which we strongly believe in, together with Mt. Cameron’s stakeholders.”
All securities issued in connection with the Opt ion are subject to a fou r month hold
period expiring May 4, 2017.
Lastly please note that in addition to the finder’s fee disclosed in the Corpo ration’s press
release dated December 3 0, 2016, the Corporation issued an additional 156,640 common
share purchase warrants entitling the holder thereof to common shares of the Corporation
at a price of $0.05 until December 30, 2018.
About Genius Properties
Genius is a Canadian mineral exploration company focused on developing projects with
some of the world’s mo st critical metals and m inerals for use in variou s industries
including in particular, batteries for storing ele ctrical energy and the raw materials
essential for Lithium-ion battery production
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable
Canadian securities laws . All information other t han historical fact is for ward-looking
information. Forward-looking information relates to future events or future performance
and is based on GNI cu rrent internal expectation s, estimates, projections, assumptions
and beliefs. Forward-looking information is often, but not always, identified by the use of
words such as "expect", "project", "proposed", "i ntend", "seek", "anticipa te", "budget",
"plan", "continue", "es timate", "forecast", "m ay", "will", "predict", "potential",
"targeting", "could", "m ight", "should", "believe " and similar expressio ns. Although
management considers the assumptions and es timates, reflected in fo rward-looking
information, to be reason able, based on informatio n currently available, the re 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 no t be placed on forward-lo oking information which is inherently
uncertain, and subject to known and unknown ris ks and uncertainties (bot h general and
specific) and other facto rs that contribute to the possibility that the futu re events or
circumstances contempla ted by the forward look ing information will not occur or that
may cause the actual re sults, level of activity, performance or achievem ents of the
Company to be material ly different from those e xpressed or implied by s uch forward-
looking information. Th ese risks include, but ar e not limited to risks as sociated with
general economic cond itions, the actual resul ts of current explorati on activities,
conclusions of economic evaluations, changes in project parameters as pla ns continue to
be refined, future meta l prices, financial risks and substantial capital requirements.
Further information regarding certain of these risk s (as well as risks relatin g generally to
the Company's business) may be found under th e headings "Risks and U ncertainties",
"Forward-Looking Infor mation" and "Financial risk factors" in the late st Company's
Management's Discussion & Analysis on www.sedar.com. Readers are cautioned that the
foregoing list of factors that may affect future re sults is not exhaustive. T he forward-
looking statements contained in this news release are made as of the date h ereof and GNI
does not undertake any obligation to update pub licly or to revise any of the included
forward-looking statements, except as required by applicable law. The for ward-looking
statements contained herein are expressly qualified by this cautionary statement.
Neither the CSE nor it s Regulation Services P rovider accepts responsi bility for the
adequacy or accuracy of this release.
For more information, please contact:
Jimmy Gravel, President & CEO
Email: [email protected]