Green Swan Announces Debt Conversion
Burlington, ON. June 13, 2016. Green Swan Capital Corp. (GSW: TSX-V) (“Green Swan”) announces that an arm’s length creditor of Green Swan has agreed to accept 50,000 Units in lieu of cash to settle a total of $4,000 in outstanding liabilities. Each Unit consists of one common share and one common share purchase warrant exercisable for a period of 12 months following the date of closing at $0.12 per common share. In addition, two non-arm’s length creditors of Green Swan have each agreed to accept 187,500 common shares of Green Swan in lieu of cash to each settle $15,000 of outstanding liabilities ($0.08 per share, no warrant). No finder's fees are payable on any of these conversions.
The conversions are subject to TSXV approval, and if obtained Closing will take place immediately thereafter.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a diversified Canadian company. With 32,971,179 shares outstanding, an aggressive growth strategy and a proven leadership team, Green Swan is wellpoised 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.