SOURCE: GeoNovus Media Corp.

GeoNovus Media Corp.

May 13, 2015 19:45 ET

GeoNovus Sale of Mining Property

VANCOUVER, BC--(Marketwired - May 13, 2015) - GEONOVUS MEDIA CORP. (CSE: GNM) ("GeoNovus" or the "Company") announces it has amended an agreement with Glenmark Capital Corp. (see PR dated December 9, 2014) whereby Glenmark will now own 100% of the Scotia Project, located in B.C. GeoNovus will receive one million shares of Glenmark subject to TSX Venture approval.

Glenmark Capital Corp.'s strategy is to acquire advanced resource projects and early-stage exploration opportunities to provide respectively intrinsic share value and blue sky potential to its shareholders. Glenmark has two interests in uranium projects in the Athabasca basin of Canada, including the high prospective Ford Lake property, 11KM northwest of the Key Lake Mine and the Key Lake Road Project. Glenmark's exploration project portfolio includes over 6500 hectares in the most prospective uranium corridor in the world, the Eastern Athabasca Basin region of Saskatchewan.

"We are pleased to become shareholders of a company with a strong base of mineral projects," stated Joe Wowk, Director of GeoNovus Media.

In other news the Company announces it is issuing 450,000 shares of GeoNovus to Stockhouse Publishing Ltd. to settle $13,300 payable. The Company looks forward to working with Stockhouse on an ongoing basis.

GeoNovus Media Corp is a new digital media company with a focus on motion picture production and distribution, corporate services and music creation and music publishing.

For further information please contact: 604-683-3995 or info@geonovusmedia.com.

ON BEHALF OF THE BOARD

Joe Wowk
Director

Contact Information

  • CONTACT INFORMATION
    Suite 1220 - 789 West Pender Street
    Vancouver, British Columbia, V6C 1H2
    Telephone (604) 683-3995
    Toll Free: 1 888 945-4770
    Facsimile: 1-604-683-3988