VANCOUVER, June 15 /CNW/ - Gitennes Exploration Inc. (TSX-GIT) announces that it intends to undertake a private placement financing of up to 10,000,000 units at a price of $ 0.10 per unit. Each unit will consist of one common share and one share-purchase warrant that is exercisable within 12 months of closing at $ 0.20. Common shares will be subject to normal re-sale restrictions for up to four months from the date of issue. Insiders of the Company may subscribe for up to 10% of the units.
Finder's fees may be payable on a portion of the financing to registered dealers who assist in the placement. The private placement is subject to regulatory approval.
For further information, contact: Jerry Blackwell, President The Toronto stock exchange has neither approved nor disapproved of the information herein.