Green Swan Capital Corp. Announces Increase in Flowthrough Financing
Mittwoch, 15.06.2016 14:45 von DGAP
DGAP-News: Green Swan Capital Corp. / Key word(s): Miscellaneous
Green Swan Capital Corp. Announces Increase in Flowthrough Financing
15.06.2016 / 14:42
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Burlington, Ontario--(Newsfile Corp. - June 15, 2016) - Green Swan Capital
Corp. (TSXV: GSW) ('Green Swan') announces that due to investor demand it
has increased the maximum amount of the previously announced flowthrough
financing, to $130,000, priced at $0.095 (nine points five cents) per
Flowthrough Unit. Each Flowthrough Unit will comprise of one flowthrough
share and one full 12-cent warrant with a 12-month term. This financing is
subject to regulatory approval. Finder's fees might be paid with respect to
this flowthrough financing and the previously announced hard dollar
offering (see the June 14, 2016 press release).
The use of proceeds of the flowthrough financing is to fund exploration on
Green Swan's recently acquired Copper Prince property, in the Sudbury
Basin, Ontario. Green Swan intends to focus its exploration efforts on the
historic cobalt indicators.
Exploration work on Copper Prince has been carried out by various parties
since the late 1880's. Some historic data cannot be found. Green Swan has
found two prior NI 43-101 reports on Copper Prince prepared for third
parties and filed at SEDAR, which reports summarize the historic work
carried out and some of the recent results obtained. These results have not
been verified by Green Swan's Qualified Person.
Please see Green Swan's June 14, 2016 press release for details on Copper
Prince and historical samples taken from it.
Green Swan's website http://www.greenswancapital.com is under construction
and will soon be re-launched to include the historic NI 43-101 documents
referred to above, and data related to what Green Swan believes to be a
pending global cobalt shortage.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian company with only 32,971,179 shares
outstanding, an aggressive growth strategy and a proven leadership team.
Green Swan is well-poised to deliver real value to its shareholders.
Forward Looking Statements
This news release may include statements about expected future events
and/or financial results that are forward-looking in nature and subject to
risks and uncertainties. Green Swan cautions that actual performance will
be affected by a number of factors, many of which are beyond its control.
Future events and results may vary substantially from what Green Swan
currently foresees. Discussion of the various factors that may affect
future results is contained in Green Swan's recent filings, available on
SEDAR. Green Swan assumes no liability for repeating or referring to any
facts, statements, releases, data or reports disseminated by any other
issuer. Any reference to any other issuer should be cross-checked for
accuracy and context by the reader. Neither the 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.
On Behalf of the Board of Directors
Green Swan Capital Corp.
'Peter M. Clausi'
Peter M. Clausi
President, CEO and Director
For Further Information:
Peter M. Clausi
pclausi@greenswancapital.ca [email: clausi@greenswancapital.ca]
1-905-681-1925 x2
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.
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/21094
News Source: Newsfile
---------------------------------------------------------------------------
15.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Green Swan Capital Corp.
Canada
ISIN: CA3934191063
End of News DGAP News Service
---------------------------------------------------------------------------
471819 15.06.2016