Genius Properties Ltd.
CNSX : GNI

Genius Properties Ltd.

April 06, 2016 22:54 ET

Genius Completes First Payment of the Dissimieux Acquisition

MONTRÉAL, QUÉBEC--(Marketwired - April 6, 2016) - Genius Properties Ltd. (the "Corporation") (CSE:GNI)
is pleased to announce it has issued 6,000,000 common shares of the Corporation (each a "Share") to Jourdan Resources Inc. pursuant to its previously announced acquisition of the Dissimieux Lake Phosphate Titanium-REE's property. In order to complete the acquisition of its 100% interest in the property, the Corporation is required to make an additional payment of $100,000, either in cash or Shares at its own discretion, on or before June 19, 2016. A finder's fee of 420,000 Shares was paid by the Corporation to an arm's length finder in connection with the acquisition.

The Corporation also announces that, in light of the Corporation's current working capital position, and in order to preserve its cash to fund development of the Corporation's ongoing projects, it has extinguished a total of $100,800 of debt relating to consulting fees and service fees to certain arm's length parties by issuing an aggregate of 2,520,000 Shares at a deemed price of $0.04 per share (the "Debt Settlement").

All Shares issued will be subject to a hold period of four months and one day from their date of issuance and as such are restricted from trading until August 6, 2016.

About Genius Properties

Genius is one Canadian mineral exploration company focused on developing projects with some of the world's most critical metals and minerals, Genius have team and potential to discover new world-class deposits. Also, Genius is the ideal partner for exploration companies and capital pool companies looking for a qualifying transaction and projects of merit. Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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