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

Gee-Ten Ventures Inc.

October 17, 2005 12:18 ET

Gee-Ten Ventures Inc.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2005) - Gee-Ten Ventures Inc. (the "Company") (TSX VENTURE:GTV)(OTCBB:GEEVF) announces that it has entered into private placement agreements for the purchase of 500,000 units (each unit comprised of one common share and one share purchase warrant exercisable for a period of two years at a price of $0.30 per warrant) at a price of $0.20 per unit.

Total proceeds of the private placement are $100,000 and all of these funds will be used to fund general working capital requirements. A finder's fee of 10% (payable $8,000 in cash and $2,000 by way of 10,000 shares) is payable on the transaction.

The shares comprising part of the units, and any shares issued upon exercise of the warrants, will be subject to a hold period expiring on October 21, 2005. The private placement is subject to its acceptance for filing with the TSX-Venture Exchange.

GEE-TEN VENTURES INC.

Paul Shatzko, President

Forward Looking Statement

Except for historical information contained herein, the statements in this Press Release may be forward looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Gee-Ten Venture Inc.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Gee-Ten Venture Inc.s operations including political uncertainties and risks in the areas in which the company may engage in exploration. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission or in various filings on the SEDAR system at www.sedar.com.


The TSX Venture Exchange has in no way passed upon the merits of the contents and has neither approved nor disapproved of the content of this news release.

Contact Information

  • Gee-Ten Ventures Inc.
    Paul Shatzko
    President
    (604) 669-4367
    (604) 669-4368 (FAX)