Gitennes Exploration Inc. Announces Private Placement

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[{"type":"text","content":"Vancouver, B.C. - TheNewswire - October 26, 2021 - Gitennes Exploration Inc. (\"Gitennes\" or the \"Company\") (TSXV:GIT) (OTC:GILXF) announces that it is conducting a non-brokered private placement (the “Placement”) of up to 7,500,000 units (consisting of 3,000,000 non-flow-through units (“Units”) priced at $0.05 per Unit and 4,500,000 flow-through shares (“FT Share”) priced at $0.06 per FT Share).  Each Unit consists of one non-flow-through common share and one common share purchase warrant (“Warrant”).  Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at an exercise price per Warrant Share of $0.10 for a period of 24 months following the Closing Date.  Finder’s Fees of 8% cash and 8% warrants may be paid on the financing. All securities issued pursuant to the Placement are subject to a four month and one day hold period in Canada.  The Placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities. About Gitennes Exploration Inc. Gitennes is in the business of exploring for and advancing mineral properties with a focus on high grade or large tonnage gold deposits.  The Company currently has four gold properties in Quebec: JMW, Maxwell, New Mosher and Gaspe, the Snowbird gold property in British Columbia and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui Silver Project in Peru.  JMW, Maxwell and Gaspe are 100% owned by Gitennes.  New Mosher is under option and Gitennes can earn an initial 70% and has the right to increase its ownership to 85%.  The Snowbird Property has been optioned to a gold exploration company. For further information on the Company, readers are referred to the Company’s website at www.gitennes.com and its Canadian regulatory filings on SEDAR at www.sedar.com. Gitennes Exploration Inc. \"Ken Booth\" Ken Booth President For further information, please contact:        Ken BoothPhone:  604-682-7970Email:  [email protected]  Neither 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 news re...

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