Gee-Ten Ventures Inc.

Gee-Ten Ventures Inc.

August 24, 2010 13:20 ET

Gee-Ten Ventures Announces Closing of Private Placement

MONTREAL, QUEBEC--(Marketwire - Aug. 24, 2010) - Gee-Ten Ventures Inc. ("Gee-Ten") (TSX VENTURE:GTV) is pleased to announce the closing of its private placement with Cabia Goldhills Inc. ("Cabia"), which was announced in a press release of June 22, 2010, following the definitive approval of the TSX Venture Exchange.

Cabia has subscribed to a non brokered private placement of 600,000 common shares in the capital of Gee-Ten at a price of $0.25 per share, for net proceeds of $150,000 (the "Private Placement"). The proceeds of the Private Placement will be used for working capital purposes.

Management expects that trading in Gee-Ten's common shares will remain halted for the short term, pending compliance with the requirements of the TSXV with respect to the Cabia RTO.

About Gee-Ten Ventures Inc.

Gee-Ten Ventures Inc. is a Canadian exploration Corporation, quoted for trading on tier 2 of the TSX Venture Exchange under the symbol GTV. Following the private placement, Gee-Ten has approximately 4,100,000 shares outstanding.

Further Information

For further information regarding the contents of this news release please contact the number below.

Contact Information

  • Gee-Ten Ventures Inc.
    Mr. Marc Labrecque