Genius Metals Completes Second Tranche of Financing
Genius Metals Completes Second Tranche of Financing
MONTRÉAL, QUÉBEC, CANADA — (December 15, 2022) - Genius Metals Inc. (TSXV: GENI)
(“Genius Metals” or the “Corporation”) announces it has added $56,000 to its initial non-brokered
private placement offering closed on November 28, 2022 (see news release dated on December
1st, 2022). The second tranche brings the total proceeds of this offering to $691,000 (the “Private
Placement”).
Under the second tranche closed on December 13, 2022, the Corporation issued:
• 600,000 units of the Corporation (the “ Units”) at a price of $0.05 per Unit, with
each such unit being comprised of one common share of the Corporation
(“Common Share”) and one common share purchase warrant entitling the holder
thereof to purchase one Common Share at an exercise price of $0.15 until
December 13, 2024; and
• 433,340 common shares issued as “flow through shares” (the “ Flow Through
Shares”) at a price of $0.06 per Flow-Through Share.
The Corporation will use the net proceeds of the sale of Flow Through Shares to incur qualifying
expenditures on its Quebec properties, and the net proceeds of the sale of Units for exploration
on its mining properties and general working capital purposes.
All securities issued pursuant to the Private Placement are subject to a hold period under
applicable securities laws, which will expire four months plus one day from the date of their
issuance.
The Private Placement remai ns subject to the final approval of the TSX Venture Exchange
(“TSXV”).
About Genius Metals
Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration
and, if warranted, development of natural resource properties of merit in Canada.
Contact Information
Genius Metals Inc.
Tel.: 579-476-7000
Pierre-Olivier Goulet
Vice-President Corporate Development
Email: [email protected]
1-450-821-5270
Guy Goulet
President and CEO
Email: [email protected]
1-514-294-7000
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute “forward -looking information” under
Canadian securities legislation. Generally, forward -looking information can be identified using
forward-looking terminology such as, “will be”, “expected” or variations of such words and
phrases or statements that certain actions, events or results “will” occur. Forward -looking
statements, including statements relating to the anticipated use of the proceeds from the Private
Placement and the final approval of the TSXV , are based on the Corporation’s estimates and are
subject to known and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Corporation to be materially different
from those expressed or implied by such forward -looking statements or forward -looking
information. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-
looking information. The Corporation will not update any forward-looking statements or forward-
looking information that are incorporated by reference herein, except as required by applicable
securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.