Gee-Ten Ventures Inc.

Gee-Ten Ventures Inc.

January 12, 2007 13:21 ET

Gee-Ten Closes a Private Placement, Grants Options and Calls for Shareholders Meeting

LAVAL, QUEBEC--(CCNMatthews - Jan. 12, 2007) - Gee-Ten Ventures Inc. ("Gee-Ten", the "Corporation") (TSX VENTURE:GTV) announces it has closed a private placement of $200,000 or 1,000,000 units at $0.20, each unit made up of one common share at $0.20 and one share purchase warrant entitling the holder to purchase one common share at $0.30 for up to two years. A 10% finder's fee is payable on this transaction which is subject to regulatory approval. Shares issued are subject to a 4 months hold period.

Furthermore, Gee-Ten announces it has granted 750,000 options to 4 of its directors and executives. These options allow the purchase of common shares at $0.25 and come to maturity on January, 12th 2010. The price of the options reflects the closing price of the stock on January 11th, 2007.

Finally, the Corporation announces that it will hold its General and Special Shareholders Meeting on Friday April 20th, 2007 at 10AM. Location of the meeting will be announced later.

Contact Information

  • Gee-Ten Ventures Inc.
    Me Lawrence Moroz
    450-622-8292 (FAX)