Genius Metals Secures $757,000 in Private Placement

The Canadian exploration company plans to use the funds for development projects in Québec and Morocco.

Genius Metals Inc. completed a non-brokered private placement, raising $757,000 through the issuance of 9,462,500 units.
Each unit consists of one common share and one half of a common share purchase warrant, with warrants exercisable at $0.12 per share for 24 months.
The offering remains subject to final approval from the TSX Venture Exchange and includes a statutory hold period of four months and one day.
Net proceeds will support the development of Genius Metals' projects in Québec and Morocco, as well as general working capital needs.
One officer participated in the offering, which qualifies as a related party transaction under Canadian securities regulations.