Gee-Ten Ventures Inc.

Gee-Ten Ventures Inc.

March 18, 2005 17:05 ET

Gee-Ten Ventures Inc.: Issuance of Shares For Settlement of Debt


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GEE-TEN VENTURES INC.

TSX VENTURE SYMBOL: GTV
OTC Bulletin Board SYMBOL: GEEVF

MARCH 18, 2005 - 17:05 ET

Gee-Ten Ventures Inc.: Issuance of Shares For
Settlement of Debt

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 18, 2005) - Gee-Ten
Ventures Inc. (TSX:GTV)(OTCBB:GEEVF) announced that an agreement has
been reached with two of its creditors to settle accounts owed and
totalling $224,000 by the issuance in their favor of an aggregate
640,000 common shares of the Company at a deemed price of $0,35 per
share, the whole subject to TSX Venture Exchange and applicable
securities authorities approvals. The agreement is subject to such
shares being issued prior to April 15, 2005.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    GEE-TEN VENTURES INC.
    Paul Shatzko
    President
    (604) 688-8286
    (604) 684-7208 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.