GILXF - Gitennes Second Tranche of Private Placement
(TheNewswire)
Vancouver , B.C. - TheNewswire - December 31, 2021- Gitennes ExplorationInc. (" Gitennes "or the " Company ") – (TSXV:GIT) announces that it has closed a second tranche of itspreviously announced non-brokered private placement (the“Placement”). The Company issued 2 50,000flow-through shares (“FT Share”) priced at $0.06 per FT Share forgross proceeds of $15,000.
All securities issued pursuant to the Placement aresubject to a four month and one day hold period in Canada. ThePlacement is subject to certain conditions including, but not limitedto, the receipt of all necessary final approvals including theapproval of the TSX Venture Exchange and any applicable securitiesregulatory authorities.
About Gitennes ExplorationInc.
Gitennes is in the business of exploring for andadvancing mineral properties with a focus on high grade or large tonnage gold deposits . The Company currently hasfour gold properties in Quebec: JMW, Maxwell, New Mosher and Gaspe,the Snowbird gold property in British Columbia and a 1.5% Net SmelterReturn royalty on the 18 million ounce Urumalqui Silver Project inPeru. JMW, Maxwell and Gaspe are 100% owned by Gitennes. NewMosher is under option and Gitennes can earn an initial 70% and hasthe right to increase its ownership to 85%. The Snowbird Propertyhas been optioned to a gold exploration company.
For further information on the Company, readers arereferred to the Company’s website at www.gitennes.com and itsCanadian regulatory filings on SEDAR at www.sedar.com .
Gitennes Exploration Inc.
"Ken Booth"
Ken Booth
President
For further information, please contact: KenBooth
Phone: 604-682-7970
Email: info@gitennes.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.
Cautionary Note RegardingForward-Looking Information
This news release includes certain statements thatconstitute "forward-looking information" within the meaningof applicable Canadian securities laws and U.S. securitieslegislation, including the United States Private Securities Litigation Reform Actof 1995 . All statements, other than statementsof historical fact, included herein, including, without limitation,statements concerning, the expected use of proceeds of the Placement,the Company's expectation that will be successful in enacting itsbusiness plans, and the future business, operations and financialperformance and condition of the Company, are forward-lookingstatements. Although the Company believes that such statements arereasonable, it can give no assurance that such expectations will proveto be correct. Often, but not always, forward-looking statements canbe identified by words such as "will", "proforma", "plans", "expects", "may","should", "budget", "schedules",estimates", "forecasts", "intends","anticipates", "believes", "potential"or variations of such words including negative variations thereof andphrases that refer to certain actions, events or results that may,could, would, might or will occur or be taken or achieved. In makingthe forward-looking statements in this news release, the Company hasapplied several material assumptions, including without limitation,the receipt of any necessary regulatory or corporate approvals inconnection with the Placement, that there will be investor interest infuture financings, that the COVID-19 global pandemic will not affectthe ability of the Company to conduct its anticipated business plans,market fundamentals will result in sustained precious metals demandand prices, the receipt of any necessary permits, licenses andregulatory approvals in connection with the future exploration anddevelopment of the Company's projects in a timely manner, theavailability of financing on suitable terms for the exploration anddevelopment of the Company's projects and the Company's ability tocomply with environmental, health and safety laws.
The Company cautions investors that any forward-lookingstatements by the Company are not guarantees of future results or performance, and that actual results could differfrom those projected in any forward-looking statements due to numerousfactors including risks and uncertainties relating to exploration anddevelopment and actual results of exploration activities; the abilityof the Company to obtain additional financing; delays in obtaininggovernmental and regulatory approvals (including TSX Venture Exchangeapproval of the Placement), permits or financing; the fact that theCompany's interests in certain of its mineral properties are onlyoptions and there is no guarantee that the interests, if earned, willbe certain; risks relating to epidemics or pandemics such asCOVID–19, including the impact of COVID–19 on the Company'sbusiness, financial condition and results of operations; the need tocomply with environmental and governmental regulations; potentialdefects in title to the Company's properties; changes in generaleconomic conditions; fluctuations in the prices of commodities andprecious metals; operating hazards and risks; environmental issues andliabilities; risks related to joint venture operations; andcompetition and other risks and uncertainties of the mining industry. Readers should consider all of the information set forth herein andshould review the Company’s periodic reports filed from time-to-timewith Canadian securities regulators. These reports and the Company'sfilings are available on the Company's SEDAR profile at www.sedar.com.
Readers are cautioned not to place undue reliance onforward-looking statements. The forward-looking statements containedin this news release are made as of the date of this news release and,except as otherwise required by law, the Company undertakes noobligation to update the forward-looking statements contained herein,or to update the reasons why actual results could differ from thoseprojected in these forward-looking statements.
Not for distribution to UnitedStates newswire services or for release, publication, distribution ordissemination directly, or indirectly, in whole or in part, in or intothe United States.
Copyright (c) 2021 TheNewswire - All rights reserved.