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Genius Metals Inc. Announces Private Placement Offering of Common Share Units, Option Plan Amendment and Grant of Options
Genius Metals Inc. Announces Private Placement Offering of Common Share Units, Option Plan Amendm...
About this update from Morocco Strategic Minerals Corporation
[{"type":"text","content":"\n \n \n \n Genius Metals Inc. Announces Private Placement Offering of Common Share Units, Option Plan Amendment and Grant of Options\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n Aug. 7, 2023\n \n \n /CNW/ - Genius Metals Inc. (TSXV: GENI) (\"Genius Metals\" or the \"Corporation\") is pleased to announce its intention to complete a non-brokered private placement offering (the \"Offering\") of up to 8,000,000 units of the Corporation (the \"Units\") at a price of\n \n $0.05\n \n per Unit for aggregate gross proceeds of up to\n \n $400,000\n \n . Each Unit will be comprised of one common share (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\") in the capital of the Corporation. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of\n \n $0.10\n \n per share for a period of 24 months from the closing date of the Offering (the \"Closing Date\").\n \n \n \n \n \n \n \n \n \n The net proceeds will be used by the Corporation to incur exploration expenses and for general working capital purposes.\n \n \n All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.\n \n \n The Offering is subject to TSX Venture Exchange (the \"TSXV\") final approval.\n \n \n The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in\n \n the United States\n \n or to, or for the account or benefit of,\n \n United States\n \n persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell o...