Genius Metals Inc. Announces Private Placement Offering of Common Share Units, Option Plan Amendment and Grant of Options

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MONTRÉAL, Aug. 7, 2023 /CNW/ - Genius Metals Inc. (TSXV:GENI.VN) ("Genius Metals" or the "Corporation") is pleased to announce its intention to complete a non-brokered private placement offering (the "Offering") of up to 8,000,000 units of the Corporation (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $400,000. Each Unit will be comprised of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant") in the capital of the Corporation. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.10 per share for a period of 24 months from the closing date of the Offering (the "Closing Date").