Geonovus Announces Financing
Suite 1220, 789 West Pender St. Vancouver, British Columbia Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
GEONOVUS ANNOUNCES FINANCING
March 10th, 2014 - VANCOUVER, B.C. – GEONOVUS MINERALS CORP. (TSX-V:GNM) (“GeoNovus” or the “Company”) announces that it has arranged a non-brokered private placement of up to 1 million units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $50,000 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.075 per Warrant Share. Finder’s fees may be payable.
The proceeds raised will be used for general corporate purposes.
The Company further announces the options announced on February 27th, 2014 were incorrectly announced as having an exercise price of $0.05. The actual grant, to MI3 Communications Financières Inc., of 300,000 options is exercisable at $0.10.
GeoNovus Minerals Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all of its stakeholders.
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; Facsimile: 1-604-683-3988, www.geonovusminerals.com
Forward-Looking Statement:
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of GeoNovus Minerals Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the 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.