GeoNovus Minerals Corp. (TSXV:GNM) announced a non brokered private placement of 10,000,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 800,000 on November 28, 2012. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional share of company at an exercise price of CAD 0.12 per warrant for a period of 18 months from the date of issuance. The company may pay finder's fee in cash in an amount of 10% of the proceeds raised by such finder as part of transaction, a number of finder's warrants entitling the holder thereof to purchase that number of shares of the company that is equal to up to 10% of the number of units placed through the finder as part of the transaction. Such warrants will have terms similar to the warrants issued in the transaction.

On December 13, 2012, the company amended the terms of the transaction. It will now issue 10,000,000 flow through units for gross proceeds of CAD 800,000 and 10,000,000 non-flow through units at CAD 0.065 per unit for gross proceeds of CAD 650,000 making total gross proceeds of CAD 1,450,000. Each flow-through unit consists of one flow-through common share and one share purchase warrant of the company on the same terms as previously announced. Each non-flow through unit consists of one non-flow-through common share and one share purchase warrant of the company. Each warrant will entitle the holder to purchase one share for a period of 18 months from the closing date at an exercise price of CAD 0.10 per share.

On December 28, 2012, the company issued 4,923,000 non flow-through units for proceeds of CAD 319,995. The company issued to the finders under the offering a total of 140,000 share purchase warrants. The company paid cash commissions to the finders of CAD 9,100. The securities issued are subject to hold period expiring on April 22, 2013. The company has raised total of $3,272 (CAD 3,260.94) from one investor pursuant to Regulation D. All conversions were made through www.oanda.com as on December 31, 2012.

On January 3, 2013, TSX Venture Exchange accepted for filing documentation for the second tranche of the transaction. The company will issue 871,250 flow-through units for gross proceeds of CAD 69,700. The second tranche will see participation from nine placees. Individual investors Eric Chin, Paul Wan, and Shaun Chin will subscribe for 62,500 units, 125,000 units, and 100,000 units respectively. The company will pay finder's fee of CAD 1,320 and 16,500 warrants to PI Financial Corp, and CAD 4,500 and 56,250 warrants to Leede Financial Markets Inc. The agent warrants are exercisable at CAD 0.10 for 12 months.

On January 29, 2013, GeoNovus Minerals Corp. closed the transaction. The company issued 1,393,000 non-flow through units pursuant to the second and the final tranche of the transaction for gross proceeds of CAD 90,545. The company has issued 6,316,000 units for gross proceeds of CAD 410,540. The securities being issued pursuant to the final tranche are subject to a hold period of four months expiring on May 30, 2013. The company issued 50,000 finders' warrants on the same terms and paid CAD 3,250 as cash commissions to to Haywood Securities Inc. for the final tranche. TSX Venture Exchange accepted for filing documentation for the final tranche on February 13, 2013. The final tranche saw participation from five placees. C. Channing Buckland subscribed for 500,000 units in the final tranche.