Gitennes announces equity financing



    VANCOUVER, June 15 /CNW/ - Gitennes Exploration Inc. (TSX-GIT) announces
that it intends to undertake a private placement financing of up to 10,000,000
units at a price of $ 0.10 per unit. Each unit will consist of one common
share and one share-purchase warrant that is exercisable within 12 months of
closing at $ 0.20. Common shares will be subject to normal re-sale
restrictions for up to four months from the date of issue. Insiders of the
Company may subscribe for up to 10% of the units.
    Finder's fees may be payable on a portion of the financing to registered
dealers who assist in the placement. The private placement is subject to
regulatory approval.

    
    For further information, contact:

    Jerry Blackwell, President

    The Toronto stock exchange has neither approved nor disapproved of the
    information herein.
    





For further information:

For further information: Jerry Blackwell, President; Suite 2390 - 1055
West Hastings Street, Box 60, Vancouver, B.C., V6E 2E9, Tel: (604) 682-7970,
Fax: (604) 608-9014, email: info@gitennes.com, website: www.gitennes.com


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