Company conducts offering to secure an interest in a mining property
By Devika Patel
Knoxville, Tenn., Dec. 29 - Gee-Ten Ventures Inc. said it plans a non-brokered private placement of units. It will raise C$4 million.
The company will sell 10 million units of one common share and one half-share warrant at C$0.40 per unit.
Each whole warrant will be exercisable at C$0.75 for one year. The strike price represents an 87.5% premium to C$0.40, the Dec. 28 closing share price.
Proceeds will be used to secure an interest in a mining property of merit. Gee-Ten said it has identified interesting targets.
Gee-Ten is a resource company based in Laval, Quebec.
| Issuer: | Gee-Ten Ventures Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4 million
|
| Units: | 10 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 29
|
| Stock symbol: | TSX Venture: GTV
|
| Stock price: | C$0.40 at close Dec. 28
|
| Market capitalization: | C$1.68 million
|
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