Genius Metals Announces Private Placement of up to $500,000
Summary
Each whole Warrant will entitle its holder to purchase one Common Share at an exercise price of $0.12 per Common Share for a period of 24 months.Closing of the Offering is subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange ("TSXV"). This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.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 and Morocco.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 expected closing of the Offering, as well as the amount and intended use of the net proceeds from the Offering, are based on the Corporations estimates and are subject to known and unknown risks, uncertainties, and other factors that may cause 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. 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 the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.