Green Swan Announces Proposed NAME Change
GSW: TSX-V
GREEN SWAN ANNOUNCES PROPOSED NAME
CHANGE
Burlington, ON. March 27, 2017. Green Swan Capita l Corp. (TSXV: GSW) (“Green Swan” or
the “Company”) announces a management proposal to change the name of the company to
“CBLT Inc.”. Management feels this name is mo re descriptive of the company's focus on strong
cobalt assets and will bring greater attention in the global markets. The Company has reserved
“CBLT” as a new trading symbol.
Shareholders will be asked at the April 24, 2 017 shareholder meeting to approve the name
change. For more detail, shareholders are en couraged to download the circular and other
meetings materials from www.sedar.com. Exchange approval will be required to effect the name
and symbol changes.
Green Swan owns 100% of its main Sudbury coba lt/gold asset, Dryden Cobalt in Ontario and
Chilton Cobalt in Quebec, in addi tion to its other strong non-c obalt prospective assets. The
Company has also indicated that it is in the pr ocess of acquiring other c obalt assets in strong
jurisdictions capable of supporting ethical supply chains.
After the closing of the previously a nnounced brokered $1,000,000 fina ncing managed by
Industrial Alliance Securities Inc. (see press release of March 2, 2017), the Company will outline
its intended work programs for 2017. Closing is intended to take place on or about April 13,
2017.
In February, 2016, cobalt per USD on the London Metals Exchange was trading at roughly $9.85
per pound. Green Swan then predicted a global shor tage of cobalt, and made a decision in the
spring of 2016 to create shareholder value by sour cing cobalt assets in safe jurisdictions. This
search resulted in th e June, 2016 acquisition of the main S udbury cobalt/gold property, located
next to Glencore plc's main Sudbury smelte r operations. A successful work and diamond drill
program was carried out in the latter part of 2017. Details are at the Company's website at
http://www.greenswancapital.com/site-exploration.html.
Cobalt recently hit another 5 year high, crossing USD$24.60 a pound, representing an increase of
249% in only 13 months. This price increase is a direct result of a sharp decrease in global cobalt
production and a dramatic increase in cobalt usag e in lithium ion batteries, including for the
electric vehicle industry. The company believes this supply/demand imbalance will continue for
a number of years as more electric vehicles come into production, putting further upwards
pricing pressure on cobalt.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian minera l exploration company w ith a proven leadership
team, targeting cobalt in reliable mining jurisdic tions. Green Swan is well-poised to deliver real
value to its shareholders.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
1 905-681-1925
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.