Green Swan Capital Corp. Reports Convertible Debenture Financing
(Burlington, ON. April 25, 2016) Green Swan Capital Corp. (GSW: TSX-V) (“Green Swan” or “the Company”) announces that it has negotiated financing in the amount of $30,000 by way of a convertible debenture.
The convertible debenture is unsecured, bears interest at 8% per annum, and matures June 1, 2017 at which time principal and accrued interest are payable. The debenture can be converted at any time until the date of maturity, to common shares of Green Swan at a conversion price of $0.05 per common share. In addition 600,000 detachable warrants are to be issued exercisable at $0.05 at any time on or before June 1, 2017.
On closing, as a finder’s fee, Green Swan shall distribute 71,429 shares of Tempus Capital Inc., a reporting issuer whose shares are not listed on an exchange or trading platform.
The debenture financing is subject to TSXV approval.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a diversified Canadian company. With 30,371,179 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.