Green Swan Capital Corp. Announces Increase in Flowthrough Financing
June 15, 2016 (Source) — 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.
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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
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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