GreenLight Increases Financing from $500,000 to $550,000 __________________________________________________________________________________
__________________________________________________________________________________ (OTCBB: PRZCF) (FRANKFURT: PHO) (TSXV : GR)
VANCOUVER, British Columbia – March 22, 2012 – GREENLIGHT RESOURCES INC. (TSXV.GR), is pleased to announce that it has amended the terms of a non-brokered private placement financing announced on February 29, 2012. The Company has increased the placement from 5,000,000 units to 5,500,000 units. All other terms remain the same. The price of the placement is $0.10 per unit in the capital stock for total gross proceeds of $550,000. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.15 per share for a period of two years from the closing date of the private placement. Closing of this placement is conditional upon approval of the TSX Venture Exchange. A finder’s fee and broker warrants of up to 10% may be payable on a portion of this placement.
On Behalf of the board of directors
“Chris Anderson”
Christopher R Anderson, CEO – President 604 488-3900
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