Green Swan Announces Agreement and Dividend
July 22, 2015 — Green Swan Capital Corp. (GSW: TSX-V) (“Green Swan”) announces that it has entered into an agreement (the “Agreement”) with Tempus Capital Corp. (“Tempus”) whereby Green Swan will provide corporate finance services to Tempus.
Tempus is a reporting issuer in Ontario, British Columbia and Alberta, carrying on business as a real estate operating company. None of its securities trade through any stock exchange or trading platform. Tempus’ disclosure documents may be viewed at its SEDAR page
One person serves as a director and Chief Financial Officer of both Tempus and Green Swan, but this person was not involved in the negotiation of the Agreement and recused himself from board decisions affecting this matter.
Green Swan owns 2,176,893 Tempus common shares. Green Swan’s board has authorized the declaration of a one-time dividend (the “Dividend”) to Green Swan shareholders on the basis of one (1) Tempus common share for every twenty (20) Green Swan common shares. The record date for the Dividend is July 31, 2015 and the distribution date is August 5, 2015. This will leave approximately 658,334 Tempus shares owned by Green Swan, or approximately three per cent of Tempus’outstanding shares.
The Agreement and the Dividend have received TSXV approval.
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About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian company currently engaged in the business of acquiring, exploring, and dealing in mineral properties in Canada, and has been given a mandate by its shareholders to seek diversification opportunities. Green Swan has 30,371,179 shares outstanding and a proven leadership team. Green Swan is well-poised to deliver real value to its shareholders.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to foreseeable and unforeseeable risks and uncertainties. Actual performance will be affected by a number of factors, many of which are beyond GSW’s control. Future events and results may vary substantially from what GSW currently foresees. Discussion of the various factors that may affect future results is contained in GSW’s recent filings, available on SEDAR. GSW 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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>