Gitennes Exploration Inc. announced a non-brokered private placement of up to 17,000,000 non-flow-through units at a price of CAD 0.015 per unit for the gross proceeds of CAD 255,000 and up to 15,000,000 flow-through units at a price of CAD 0.02 per unit for the gross proceeds of CAD 300,000 for the aggregate gross proceeds of CAD 555,000 on December 5, 2023. Each unit consists of one non-flow-through common share and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at an exercise price per warrant share of CAD 0.05 for a period of 24 months following the closing date.

Each FT unit consists of one flow-through common share and one-half common share purchase warrant. Each whole FT warrant shall be exercisable to acquire one common share at an exercise price per FT warrant of CAD 0.05 for a period of 24 months following the closing date. Finders' fees may be paid on the financing.

All securities issued pursuant to the placement are subject to a four-month-and-one-day hold period in Canada. The placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities.