GITENNES COMPLETES EQUITY FINANCING

About this update from Rev Exploration Corp.

[{"type":"text","content":"\n\n\n\n Dec. 24, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nVANCOUVER, Dec. 24 /CNW/ - Gitennes Exploration Inc (TSXVGIT) advises that it has completed the private placement announced December 15, 2010. The Company has issued an aggregate of 4,000,000 units at a price of $0.07 per unit for gross proceeds of $280,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.10 until December 23, 2011, then at a price of $0.20 until expiry on June 25, 2012. The securities issued pursuant to the placement are subject to a four month hold period. Insiders of the Company subscribed for 2% of the issue.\nThe net proceeds of the private placement will be used for financing exploration and development activities, and for general corporate purposes. The Company paid a total of $9,080.40 in finder's fees in connection with the placement.\n\nNeither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\n \nJerry Blackwell, President\n\n","length":2297,"tagName":"div"}]

More updates from Rev Exploration Corp.