Gitennes Announces AGSM Results and Management Changes VANCO
Suite 410 –325 Howe Street, B.C. V6C 1Z7 Tel: 604-682-7970
email: [email protected] website: www.gitennes.com
Gitennes Announces AGSM Results and
Management Changes
VANCO
UVER, British Columbia, Nov ember 29, 2024: Gitennes Exploration Inc. ("Gitennes" or the
"Company") - (TSXV – GIT) is pleased to announce the results of its Annual General and Special Meeting
(AGSM) of shareholders held on November 28, 2024.
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esolutions passed at the meeting included the appointment of Brunet Roy Dubé, CPA, as auditors for the
ensuing year; approval of the Company’s stock option and fixed equity incentive plans; the election of
Jordan Potts, Paul Larkin, and Jennifer McCappin as directors; and the re-election of Mansoor Jan as a
director.
E
ffective immediately, Ken Booth ( CEO) and Martin Nicoletti ( CFO) have resigned from the Company.
Gitennes extends their appreciation to each of them for their invaluable service over the years and wishes
them the best in their future endeavors.
M
anagement Changes
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itennes is pleased to announce that Mr. Jordan Potts has been appointed as the new interim CEO, effective
immediately.
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r. Potts brings extensive experience in the public markets, having advised and served on numerous boards
and consulted for many companies on the TSXV and the CSE. Over the past six years he has successfully
secured substantial funding for junior exploration companies across Canada and has instrumental in the
development and growth of those companies. His previous experience also includes a significant tenure in
the commercial real estate sector, where he was instrumental in fundraising, managing and project
development.
T
he Company is also pleased to announce that Mr. Paul Larkin has been appointed as the new interim CFO
effective immediately.
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r. Larkin has vast experience in the public markets and the renewable energy sector. Currently a director
of a Vancouver -based renewable energy royalties’ company, Mr. Larkin was a co -founder of U.S.
Geothermal, a leading geothermal renewable energy company that was sold to Ormat Technologies (NYSE:
ORA) in 2018 for $200 million (U.S.).
Since 1983, Mr. Larkin has been the President of the New Dawn Group, an investment and financial
consulting firm located in Vancouver . New Dawn is primarily involved in corporate finance, merchant
banking and administrative management of public companies. Mr. Larkin was an investment banker before
founding New Dawn in 1983.
Mr. Larkin has been a director and/or officer of various TSX, NYSE, and TSX Venture Exchange listed
companies, and is an experienced audit, compensation and corporate governance director.
Stock Option and RSU Grant
The Company has granted 1.2 million stock options and 1 million restricted share units’ (the “RSU’s”) to
directors, officers and consultants of the Company. The stock options will have an exercise price of 27.5
cents for a five year period expiring on November 29 2029, and have been granted in accordance with the
Company’s Stock Option Plan and may be subject to vest periods. The RSU’s will be subject to vesting
terms and once vested, each RSU represents the right to receive one common share of the Company or the
equivalent cash value thereof, at the Company’s discretion.
About Gitennes Exploration Inc.
The Company currently has two properties in the Sept Iles region of Quebec where it is exploring for nickel,
niobium and tantalum , and three gold properties in the Chapais -Chibougamau area of Quebec: New
Mosher, JMW and Maxwell. All properties are 100% owned by Gitennes except for New Mosher which
is under an option agreement whereby Gitennes can earn an initial 70% and has the right to increase its
ownership to 85%.
For further information on the Company, readers are referred to the Company’s website at
www.gitennes.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
Gitennes Exploration Inc.
Jordan Potts
Interim CEO, Director
For further information, please contact:
(250) 317-4552
Email: [email protected]
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 news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements and forward -looking information (collectively , "forward looking
statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statement s of
historical fact, included herein are forward -looking statements. Although the Company b elieves that such statements are
reasonable, it can give no assurance that such expectations will prove to be correct. Forward -looking statements are typically
identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will",
"potential", "scheduled" or variations of such wo rds and phrases and similar expressions, which , by their nature, refer to future
events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
Company to differ materially from any future results, performance or achievements expressed or implied by the forward looking
information. Such risks and other factors include anticipated busin ess plans, direction and timing of futu re activities of t he
Company, the ability of the Company to ob tain sufficient financing to fund its business activities an d plans, delays in obtaining
governmental and regulatory approvals (in cluding of the TSX Venture Ex change), permits or financing, changes in laws,
regulations and polici es affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and
liabilities, on the Company's business, financial condition and results of operations, ch anges in laws, regulations an d policies
affecting mining oper ations, title disputes, the inability of the Company to o btain any necessary permits, consents, approvals or
authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to
joint venture operations, and other risks and uncertainties disclosed in the Company's continuous disclosure documents. All of the
Company's Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these
materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation
to update any of the forward-l ooking statements in this news release or incorporated by reference herein, except as otherwise
required by law.