Gimus Resources Inc.

January 17, 2012 17:06 ET

Gimus Resources Inc. Announces the Closing of its Initial Public Offering and Trading on TSX Venture

MONTRÉAL, QUÉBEC--(Marketwire - Jan. 17, 2012) -

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Gimus Resources Inc. ("Gimus" or the "Corporation") is pleased to announce that it has closed its previously announced initial public offering (the "Offering") by issuing 2,829,000 flow-through common shares at a price of $0.15 per share for a total consideration of $424,350.

The Offering was conducted through a syndicate led by Jones, Gable & Company Inc., acting as lead agent (collectively the "Agents"), in the provinces of Alberta, British Columbia, Ontario and Québec. In consideration for their services, the Agents received an aggregate cash commission of $33,948 and compensation options to purchase up to 226,320 common shares at a price of $0.15 per share until December 30, 2013.

Following the closing of the Offering, the number of issued and outstanding common shares of Gimus is 9,529,000.

The common shares of Gimus are expected to be listed for trading on the TSX Venture Exchange under the symbol "GIR" on January 20, 2012.

Jourdan Resources Inc. ("Jourdan"), the largest shareholder of Gimus, has announced today by press release that it will distribute to its shareholders on January 27, 2012 its 3,000,000 common shares of Khalkos with a record date of January 25, 2012.

ABOUT GIMUS RESOURCES INC.

Gimus is a mineral exploration company that is exploring for uranium along its 100% owned Baie Johan Beetz Property located east of Havre St-Pierre, on the Québec North Shore.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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