Green Swan Debt Conversion
Burlington, ON. December 5, 2016. Green Swan Capital Corp. (GSW: TSX-V) (“Green Swan”) announces that an arm’s length creditor has agreed to convert $20,000.00 of debt into Common Units, resulting in the issuance of 222,222 Common Units.
Each Common Unit consists of one common share and one common share purchase warrant (a “Warrant”), with each Warrant having a 12-month term and being exercisable at $0.13.
The above transaction is subject to regulatory approval.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian mining company with a proven leadership team, targeting cobalt in Ontario. 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 [email protected] 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.