By Devika Patel
Knoxville, Tenn., June 15 - Gitennes Exploration Inc. said it plans a C$1 million private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.10 per unit.
Each warrant will be exercisable at C$0.20 for one year.
Insiders may buy up to 10% of the units.
Gitennes is a Vancouver, B.C.-based mineral exploration company with properties in Peru.
| Issuer: | Gitennes Exploration Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.20
|
| Pricing date: | June 15
|
| Stock symbol: | Toronto: GIT
|
| Stock price: | C$0.12 at close June 12
|
| Market capitalization: | C$5.7 million
|
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