Geonovus Flowthrough & Non-Flowthrough Financing
Suite 1220, 789 West Pender St. Vancouver, British Columbia Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
GEONOVUS FLOWTHROUGH & NON-FLOWTHROUGH FINANCING
December 11th, 2013 VANCOUVER, B.C. – GEONOVUS MINERALS CORP. (TSX- V:GNM) (“GeoNovus” or the “Company”) announces that it has arranged a nonbrokered private placement of up to 4 million flowthrough units ("FT Units") at a price of $0.05 per FT Unit for aggregate gross proceeds of $200,000 and up to 2 million nonflowthrough units (“NFT Units”) at a price of $0.05 per NFT Unit for aggregate gross proceeds of $100,000 collectively (the "Offering"). Each FT Unit and NFT Unit will be comprised of one common share ("Share") and one Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.075 per Warrant Share.
The Company may, in its sole discretion, pay a finders' fee to agents of the Company consisting of: (i) a cash fee in an amount of 10% of the proceeds raised by such finder as part of this Offering, and (ii) a number of finder's warrants entitling the holder thereof to purchase that number of Shares of the Company ("Finder's Warrant") that is equal up to 10% of the number of units placed through the finder as part of this Offering. Each Finder's Warrant will entitle the holder to purchase one Share for a period of 24 months from the closing date at an exercisable price of $0.10 per Finder's Warrant.
The proceeds raised will be used for general corporate purposes and advancing its various properties.
The private placement is subject to the approval of the TSX Venture Exchange.
GeoNovus Minerals Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all of its stakeholders.
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; Facsimile: 1-604-683-3988, www.geonovusminerals.com
Forward-Looking Statement:
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of GeoNovus Minerals Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.