Genius Properties Ltd.
CNSX : GNI

Genius Properties Ltd.

April 08, 2016 16:23 ET

Genius: Louis Lessard to File Early Warning Report

MONTREAL, QUEBEC--(Marketwired - April 8, 2016) - Genius Properties Ltd. (the "Corporation") (CSE:GNI) today reports that Mr. Louis Lessard ("Mr. Lessard") became an insider of the Corporation, following the acquisition of beneficial ownership of common shares and convertible securities of the Corporation exceeding 10% of the outstanding common shares of the Corporation on a partially diluted basis.

This reporting threshold was reached on April 6, 2016 with the acquisition of 1,005,000 common shares in the capital of the Corporation (each a "Share"), acquired through the facilities of the Canadian Securities for investment purposes (the "Triggering Block"). Prior to the acquisition of the Triggering Block, Mr. Lessard had the beneficial ownership of 4,095,000 Shares and 2,000,000 Share purchase warrants for investment purposes (the "Prior Shares") (the Triggering Block and the Prior Shares collectively referred to as the "Acquisition"). Mr. Lessard reserves the right to purchase additional securities of the Corporation or from time to time to dispose of any securities of the Issuer that he may own.

Following the Acquisition, Mr. Lessard holds, directly or indirectly, a total of 5,100,000 Shares, representing approximately 7.92% of the currently issued and outstanding Shares (or 7,100,000 Shares representing approximately 10.69% of the currently issued and outstanding Shares assuming all warrants held by Mr. Lessard are exercised and converted into Shares).

This press release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires a report to be filed under the Corporation's profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters.

Mr. Lessard has provided the above information to the Corporation for inclusion in this news release.

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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