MONTREAL, QUEBEC--(Marketwired - Nov. 14, 2016) - Genius Properties Ltd.
(CSE:GNI)(CSE:GNI.CN) ("Genius" or the "Corporation") is pleased to announce that it
has signed an Engagement Letter with Leede Jones Gable Inc. ("LJG"), pursuant to which LJG will act as lead manager, on a
commercially reasonable efforts basis, for a proposed private placement offering with accredited investors (the "Offering") of
units and flow-through shares, for a maximum gross proceeds of $2,600,000.
Genius will offer a maximum of 12,000,000 units for gross proceeds of $600,000 and a maximum of 25,000,000 flow-through shares
for gross proceeds of $2,000,000. Each unit will be offered at $0.05 and shall consist of 1 common share and 1 common share
purchase warrant (a "Warrant"). Each Warrant shall entitle its holder to purchase a common share at a price of $0.10 for a period
of 12 months period following the closing of the private placement. Each flow-through share will be offered at $0.08. LJG also
has an over-allotment option to purchase additional units and flow-through shares for an amount corresponding to 15% of the units
and flow-through shares included in the Offering.
LJG shall receive a cash commission equal to 8% of the gross proceeds of the Offering as well as broker warrants to acquire a
number of common shares equal to 8% of the number of shares sold under the Offering. Each broker warrant shall entitle LJG to
purchase a common share at a price of $0.08 for a period of 24 months from the closing Date.
The net proceeds of the Offering will be used for exploration work and for working capital. The closing of the Offering is
expected to occur around December 2, 2016 and is subject to the approval of the Canadian Securities Exchange. The securities
issued pursuant to the Offering will be subject to a 4 month and 1 day hold period.
About Genius Properties
Genius is a Canadian mineral exploration company focused on developing projects with some of the world's most
critical metals and minerals for use in various industries including in particular, batteries for storing electrical energy and
the raw materials essential for Lithium-ion battery production.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All
information other than historical fact is forward-looking information. Forward-looking information relates to future events or
future performance and is based on GNI current internal expectations, estimates, projections, assumptions and beliefs.
Forward-looking information is often, but not always, identified by the use of words such as "expect", "project", "proposed",
"intend", "seek", "anticipate", "budget", "plan", "continue", "estimate", "forecast", "may", "will", "predict", "potential",
"targeting", "could", "might", "should", "believe" and similar expressions. Although management considers the assumptions and
estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no
assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those
anticipated.
Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and
unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future
events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results,
level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such
forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the
actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding
certain of these risks (as well as risks relating generally to the Company's business) may be found under the headings "Risks and
Uncertainties", "Forward-Looking Information" and "Financial risk factors" in the latest Company's Management's Discussion &
Analysis on www.sedar.com. Readers are cautioned that the foregoing list
of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are
made as of the date hereof and GNI does not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly
qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.