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

Organization Profile

Gitennes Exploration Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890