GEG

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Ginguro Exploration Inc. (TSX VENTURE:GEG) ("Ginguro") is pleased to announce
that it proposes to complete a non-brokered private placement (the "Offering")
pursuant to which it will issue up to 6,666,667 units ("Units") at a price of
$0.15 per Unit, to raise aggregate gross proceeds of up to approximately
$1,000,000. Each Unit will consist of one common share and one-half of one share
purchase warrant of Ginguro, with each such whole share purchase warrant
entitling the holder thereof to acquire one additional common share of Ginguro
for a period of 24 months at an exercise price of $0.20 per share. 


In connection with the Offering, Ginguro has agreed to pay a finder's fee to
certain qualified registrants assisting in the Offering in the amount equal to
5% of the gross proceeds raised by such finders, and issue broker warrants to
such finders entitling the holders to acquire such number of common shares of
Ginguro as is equal to 5% of the aggregate number of Units sold by such finders
in the Offering, at a price of $0.20 per share, for a period of two years
following the closing of the Offering. 


The Offering is in addition to the private placement of Ginguro previously
announced on August 20, 2013 as amended August 21, 2013. The two offerings are
anticipated to close concurrently.


The Offering remains subject to the approval of the TSX Venture Exchange.
Completion of the Offering is subject to the approval of the TSX Venture
Exchange and the satisfaction of all closing conditions.


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.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
Ginguro, including, but not limited to the impact of general economic
conditions, industry conditions, dependence upon regulatory approvals, the
availability of financing and exploration risk. Readers are cautioned that the
assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ginguro Exploration Inc.
Richard Murphy
President and CEO
(705) 222-8800
info@ginguro.com

(TSXV:GEG)
Historical Stock Chart
From May 2024 to Jun 2024

(TSXV:GEG)
Historical Stock Chart
From Jun 2023 to Jun 2024