Genius Metals Inc. Announces Private Placement Offering of Common Share Units
Genius Metals Inc. Announces Private Placement Offering of
Common Share Units
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES
MONTRÉAL, QUÉBEC, CANADA — (June 16, 2023) - Genius Metals Inc. (TSXV: GENI) (“Genius
Metals” or the “Corporation” ) announces its intention to complete a non -brokered private
placement offering (the “Private Placement”) for gross proceeds of $1 million.
In regard to the Private Placement, the Corporation will issue:
• Common share units (the “Common Share Units”) at a price of $0.05 per Common Share
Unit, with each such unit being comprised of one common share and one common share
purchase warrant (a “ Warrant”) entitling the holder to purchase one Common Share at
an exercise price of $0.10 for a period of 24 months,
• Flow-Through Shares (the “Flow-Through Share”) at a price of $0.06 per Flow -Through
Share;
The net proceeds of the sale of Flow-Through Shares will be used by the Corporation to incur
qualifying exploration expenses on its mining properties in Quebec and t he net proceeds of
Common Share Units will be used by the Corporation to incur exploration expenses and for
general working capital purpose.
All securities issued in connection with the Offering will be subject to a four-month-and-one-day
statutory hold period in accordance with applicable securities laws.
The securities offered have not been, and will not be, registered under the United States
Securities Act of 1933, as amende d, (the “U.S. Securities Act”) or any U.S. state securities laws,
and may not be offered or sold in the United States or to, or for the account or benefit of, United
States persons absent registration or any applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release
does not constitute an offer to sell or the solicitation of any offer to buy securities in the United
States, nor in any other jurisdiction.
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 by the
use of 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 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, lev el 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 acc urate, 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.