Genius Properties announces $2.5M financing

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By CPE News

Montreal (pcJ News Briefs) – Genius Properties Ltd. (CSE: GNI) intends to close a non-brokered private placement offering of up to 16 666 667 units at a price of $0.15 per unit for gross proceeds of up to $2,500,000.

Each unit will be comprised of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.25 per share for a period of twelve months from the closing date.

Net proceeds will be used for working capital, advancing exploration on properties and acquisitions.

Genius Properties is a Canadian mineral exploration company focused on developing projects with some of the world’s most critical metals and minerals.

photo credit: Genius Properties