Green Swan Capital Corp. Announces Corporate Update
May 30, 2016 (Source) — Green Swan Capital Corp. (GSW: TSX-V) (“Green Swan”) announces that it has agreed to grant 1,525,000 incentive stock options pursuant to its stock option plan to certain directors, officers and consultants exercisable at a price of $0.05 per share for a period of five years from the date of grant.
Green Swan also announces that Mr. Sunil Sharma has resigned from the board effective immediately.
On May 24, 2016 Green Swan earlier announced a $50,000 private placement financing (subject to TSXV approval). Green Swan today announces that a finder’s fee and not a commission will be paid with respect to such financing, as to $3,500.00 cash and 70,000 broker warrants having a 12-month term and exercisable at $0.07.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian company with only 31,771,179 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
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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
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.
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