Genius Metals Inc. Expands Funding and Marketing Endeavors

Genius Metals Inc. Completes Second Tranche Funding
Genius Metals Inc. (TSXV: GENI) is proudly announcing a significant milestone as it completes the second tranche of its non-brokered private placement offering. This funding round has resulted in the issuance of 3,087,500 units with gross proceeds totaling $247,000.
Total Funding Amount Rises
With the inclusion of this latest tranche, the company has successfully raised a total of $947,000 from the entire offering, issuing a cumulative 11,837,500 units. Each unit is composed of one common share and one half of a share purchase warrant, providing holder advantages for future transactions.
Details About the Unit Structure
Specifically, each warrant allows holders to purchase a common share at an exercise price of $0.12 within a 24-month period. This structure not only provides immediate funding infusion but also incentivizes future earnings potential for investors.
Legal and Regulatory Compliance
It's important to note that all securities issued in the offering are subject to a statutory hold period, aligning with the securities laws governing such transactions. The completion of the offering is still pending final approval from the TSX Venture Exchange (TSX.V), ensuring adherence to all regulatory frameworks.
Strategic Allocation of Funds
The net proceeds from this generous funding will be vital for the ongoing development of Genius Metals’ property portfolio targeting exploration efforts in resource-rich regions, specifically in Morocco and Québec. This aligns with the company’s commitment to capitalizing on promising growth opportunities while also ensuring they maintain sufficient working capital.
New Marketing Partnership Announced
In addition to the financial gains, Genius Metals Inc. is thrilled to announce a new partnership with Senergy Communications Capital Inc. This collaboration, formalized through a Digital Marketing Services Agreement, marks a strategic move for the company.
Overview of the Agreement
Senergy will deliver a robust variety of digital marketing solutions, encompassing digital advertising, media management, social media marketing, and shareholder communications. The terms of the agreement indicate a commitment of C$40,000 plus GST for a four-month service span, through the end of April.
Goals of the Marketing Initiative
This partnership aims to enhance investor relations and broaden market visibility for Genius Metals. As the markets evolve, effective communication and outreach will be critical in engaging potential investors and stakeholders, illustrating the company’s vision and projects.
About Genius Metals Inc.
Genius Metals is a dedicated Canadian mineral exploration firm that primarily focuses on acquiring and developing high-potential resource properties situated in Morocco and Canada. With a distinct commitment to innovation and sustainability, the organization is keen on discovering and nurturing mineral resource opportunities that contribute positively to local economies.
Contact Information
For inquiries regarding operations or opportunities with the company, the following personnel are available:
Pierre-Olivier Goulet
Vice-President Corporate Development
Email: pogoulet@geniusmetals.com
Phone: 1-450-821-5270
Guy Goulet
President and CEO
Email: ggoulet@geniusmetals.com
Phone: 1-514-294-7000
Frequently Asked Questions
What is the purpose of the private placement by Genius Metals?
The private placement aims to raise capital for the development of the company's properties and working capital needs.
How many units were issued in the latest tranche?
3,087,500 units were issued in the second tranche, contributing to the total raised.
What is the exercise price for the warrants?
The exercise price for the warrants is set at $0.12 per common share.
What marketing services is Genius Metals receiving?
Genius Metals entered an agreement with Senergy for digital advertising, media management, and shareholder communications.
How does Genius Metals participate in resource exploration?
Genius Metals actively acquires and explores mineral resource properties, with a focus on those that show significant potential for development.
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