Geomega Enters Into Patent Ownership and Royalty Agreement with CTO and Closes First Tranche of Convertible Debenture Financing

MONTREAL, QUEBEC--(Marketwired - Aug. 14, 2017) - Geomega Resources Inc. ("GéoMégA" or the "Corporation") (TSX VENTURE:GMA) is pleased to announce that the Corporation and Innord entered into a patent ownership and royalty agreement with its Chief Technology Officer, Dr. Pouya Hajiani, to insure the long-term development and commercialization of the Corporation's proprietary rare earths extraction and separation technologies (the "Agreement"). In addition, the Corporation announces that it has closed a first tranche of $235,000 of a non-brokered private placement (the "Offering") of units (the "Units"). Each Unit is comprised of one unsecured convertible debenture (each a "Convertible Debenture") in the principal amount of $1,000 and 5,000 common share purchase warrants (the "Warrants").