MONTREAL, QUEBEC--(Marketwired - April 10, 2017) - Genius Properties Ltd. (CSE:GNI)(CSE:GNI.CN) ("Genius" or the "Company") announces that it will undertake a non-brokered private placement offering (the "Offering") of up to 16 666 667 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate maximum gross proceeds of $2,500,000. Each Unit will be comprised of one (1) common share in the capital of the Company (a "Common Share") and one half of one (1) Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one (1) Common Share at an exercise price of $0,25 per share for a period of twelve (12) months from the Closing Date (the "Warrant Expiry Date").
A finder's fee might be paid on the Offering, subject to the policies of the Canadian Securities Exchange ("CSE").
The net proceeds from the Offering will be used for working capital, advancing exploration on properties and acquisitions.
The securities issuable in connection with the Offering are subject to a statutory four month and one day hold period. Closing of the Offering is anticipated to be on or about April 21, 2017, and is subject to receipt of applicable regulatory approvals, including the approval of the CSE.
About Genius Properties
Genius is a Canadian mineral exploration company focused on developing projects with some of the world's most critical metals and minerals.
