Gee-Ten Ventures Inc.
TSX VENTURE : GTV

Gee-Ten Ventures Inc.

June 13, 2007 16:04 ET

Gee-Ten Ventures Inc.: Final Closing of the Private Placement

LAVAL, QUEBEC--(Marketwire - June 13, 2007) - Gee-Ten Ventures Inc. ("Gee-Ten",the "Company") (TSX VENTURE:GTV) announces that it is proceeding with the final close of its private placement announced on May 16th amended on May 18th and for which it has obtained conditional acceptance of the TSX Venture Exchange.

$1,052,700 has been collected representing 7,018,000 units, each unit made up of one share at $0.15 and one share purchase warrant at $0.25 until June 1st 2009 . Finders fees of $105, 270 are payable as per this arm's length transaction on which a four months hold period is applicable.

As mentionned yesterday, proceeds from this placement will be used towards general working capital requirement and to fund the next mission to the Democratic Republic of Congo where the company is investigating other opportunities.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE INFORMATION PRESENTED IN THIS PRESS RELEASE.

Contact Information

  • Gee-Ten Ventures Inc.
    Me Lawrence Moroz
    President
    450-622-6626
    450-622-8292 (FAX)