Gitennes Exploration Inc V.GIT

Alternate Symbol(s): GILXF

Metals & Mining Gold

Gitennes Exploration Inc. is a gold exploration company. The Company is in the business of exploring for and advancing mineral properties with a focus on high grade or large tonnage gold deposits. The Company has five gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, the Snowbird gold property in British Columbia. It has an option to earn up to an 85% interest in the New Mosher Gold Property which is 670 hectares and is located approximately four kilometers (km) from the past producing Joe Mann Gold Mine. The Maxwell Property is 6,640 hectares and it is located approximately 14 kilometers south of Chapais and 18 kilometers northeast of the Company’s JMW property. It owns 100% of the 2,150-hectare JMW Property, which is located approximately 30 km south of Chapais Quebec. The Snowbird High Grade Gold Project consists of eight mineral claims, comprising 3,018 hectares, located approximately 20 km west of Fort St. James, in central British Columbia.

TSXV:GIT - Post by User

Gitennes Exploration Inc

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Comment by u8fishon Aug 25, 2005 9:08pm

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Post# 9464305

panhandy

What I am saying is that they have burnt through a lot of dough ($26M) and what do they really have to show for it. After a while the capital markets dry up - especially in juniors - and it is difficult to raise funds unless it can be done at low prices. So what happens. They wait for the price to drop (or short the crap out of it) and do a PP so you get a low price and dilution. Look at DFI.

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