Business
GITENNES EQUITY FINANCING
GITENNES EQUITY FINANCING
About this update from Rev Exploration Corp.
[{"type":"text","content":"\n\n\n\n Dec. 15, 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\n\nVANCOUVER, Dec. 15 /CNW/ - Gitennes Exploration Inc. (TSX-GIT) announces that it intends to complete a private placement of up to\n 4,000,000 units at a price of $0.07 per unit for gross proceeds of up\n to $280,000. Each unit will be comprised of one common share and one\n common share purchase warrant. Each warrant will entitle the holder to\n purchase one additional common share at a price of $0.10 during the\n 12month period after closing, then at a price of $0.20 until expiry at\n the end of 18 months from closing. The private placement is available\n to accredited investors, and is subject to regulatory approval.\n Insiders of the Company may subscribe for up to 20% of the units\n offered. The securities issued in this placement will be subject to a\n fourmonth hold period.\n\n\nThe net proceeds of the private placement will be used for financing\n exploration and development activities and for general corporate\n purposes. The Company may pay finder's fees in connection with the\n placement.\n\n\nNeither the TSX Venture Exchange nor its regulation services provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\n\n \nJerry Blackwell, President Suite 2390 - 1055 West Hastings Street, Box 60, Vancouver, B.C. V6E 2E9 Tel: 604-682-7970 Fax: 604-608-9014 email: [email protected] website: www.gitennes.com\n\n","le...