Canada NewsWire
VANCOUVER, Aug. 15, 2016
VANCOUVER, Aug. 15, 2016 /CNW/ - Gitennes Exploration Inc.
(TSXV – GIT) announces the results of its Annual and Special General Meeting held today in Vancouver. Shareholders re-elected
Ken Booth, Robert Matthews and Stuart
Ross as directors of the Company and approved the Special Resolution for the continuance of the Company out of the Province
of Ontario and to continue the Company into the Province of British Columbia.
The Company also announces it will be undertaking a non-brokered private placement of up to 2.0 million flow through units at
$0.025 per unit for gross proceeds of $50,000. Each unit consists
of one common share and one common share purchase warrant with each warrant exercisable at $0.05 for
a period of 18 months from closing. The private placement is subject to TSX Venture approval. The Company will use the
proceeds from the placement to fund upcoming exploration on its Project in the northern part of the Barkerville Gold Belt.
The first phase of exploration will include geophysics, mapping and soil sampling. Ground geophysical surveys will consist of
magnetics ("MAG") and electromagnetics ("EM").
Gitennes Exploration Inc.
Ken Booth
President
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 release.
This press release does not constitute an offer to sell or a solicitation to buy any of the securities of
Gitennes in the United States.
SOURCE Gitennes Exploration Inc.
