Gee-Ten Ventures Inc.
TSX VENTURE : GTV
OTC Bulletin Board : GEEVF

Gee-Ten Ventures Inc.

June 08, 2005 19:46 ET

Gee-Ten Ventures Inc.: Completion of a Private Placement of $421,800

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 8, 2005) - Gee-Ten Ventures Inc.(TSX VENTURE:GTV)(OTCBB:GEEVF) is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $421,800 to finance working capital, an exploration program on the Kuvo Project and the possible acquisition of mining projects in Angola.

Completion occurred on June 8, 2005. Gee-Ten will issue 2,109,000 common shares at a price of $0.20 per share and 2,109,000 common shares purchase warrants. Each common share purchase warrant entitles the holder thereof to acquire one common share at a price of $0.30 per share at any time for the period of 24 months ending on June 8, 2007. The securities issued are subject to a 4 month hold period as of June 8, 2005.

Closing of the private placement is subject to regulatory approval.

Gee-Ten Ventures inc. will have 18,293,475 shares outstanding following closing of said private placement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • GEE-TEN VENTURES INC.
    Paul Shatzko
    President
    (604) 688-8286
    (604) 684-7208 (FAX)