Genius Metals Inc. announced a non-brokered private placement of up to 8,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 400,000 on August 7, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.10 per share for a period of 24 months from the closing date of the offering.

All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. The offering is subject to TSX Venture Exchange final approval.