News Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 8, 2005--Gee-Ten Ventures Inc.(TSX VENTURE:GTV)(OTCBB:GEEVF) a le plaisir d'annoncer le parachèvement de son placement privé sans intermédiaire dont le montant brut s'élève à 421 000 dollars. Ces fonds sont destinés à alimenter le fonds de roulement de la société d'une part, ainsi qu'à financer un programme d'exploration dans le cadre du projet Kuvo et d'éventuels programmes d'exploitation minière en Angola d'autre part.
( BW)(GEETEN-VENTURES)(GEEVF)(GTV.CX) Gee-Ten Ventures Inc.: Completion of a Private Placement of $421,800
News Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 8, 2005--Gee-Ten Ventures Inc.(TSX VENTURE:GTV)(OTCBB:GEEVF) is pleased to announce that it has completed a non-brokered private placement for gross proceeds of USD421,800 to finance working capital, an exploration program on the Kuvo Project and the possible acquisition of mining projects in Angola.Completion occurred on June 8, 2005. Gee-Ten will issue 2,109,000 common shares at a price of USD0.20 per share and 2,109,000 common shares purchase warrants
.
Each common share purchase warrant entitles the holder thereof to acquire one common share at a price of USD0.30 per share at any time for the period of 24 months ending on June 8, 2007.
The securities issued are subject to a 4 month hold period as of June 8, 2005.
Closing of the private placement is subject to regulatory approval.
Gee-Ten Ventures inc. will have 18,293,475 shares outstanding following closing of said private placement.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
GEE-TEN VENTURES INC. (TSX VENTURE:GTV) (OTC Bulletin Board:GEEVF)
CONTACT: GEE-TEN VENTURES INC
Paul Shatzko President (604) 688-8286 Fax: (604) 684-7208
KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: MINING/METALS ADVISORY SOURCE: GEE-TEN VENTURES INC.
