Burlington, ON. July 31, 201 2
closing of a non-brokered common share financing
Green Swan Capital Corp. (“ G private offering of CDN$ 249,440 “Offerings ”).
Details of the Offerings are as follows:
- (i) a gross aggregate amount of $ of GSC at a price of CDN share of GSC (the “additional Common Share at a price of $0.
eighteen (18) months from the date of event that the closing price of the Common Shares as quoted by the primary exchange upon which the Common Shares trade or are quoted is equal to or greater for a period of twenty (20) consecutive trading day s, then the Warrant Expiry Date shall be the earlier of thirty (30) calendar days a fter the end of such 20 period and the Warrant Expiry Date, without further notice or action being by or of the Corporation, and if any Warrants remai n unexercised as of the accelerated warrant expiry date (the “unexercised Warrants shall expire and the owner of such expired Warrants shall have no right t o exercise such expired warrants; and
- (ii) a gross aggregate amount of $ GSC (the “ Flow-Through Each Flow- Through Unit consists of one (1) Common Share Through Common Share Flow-Through Common Share at a price of $0.
eighteen (18 ) months from the date of the Subscription Agreemen t (the “Expiry Date ”). In the event that the closing price of the Flow Shares as quoted by the primary exchange upon which the Flow Shares trade or are quoted is equal to or greater t han $0.
GSW
GREEN SWAN CAPITAL CORP . ANNOUNCES CLOSING OF FINANCING
- 2. Green Swan Capital Corp. ( GSW: TSX- V brokered common share financing .
GSC ”) announced today that it has completed the 249,440 by way of two non- brokered private placements (the as follows: a gross aggregate amount of $ 59,000 by the sale of 590,000 equity units (the “at a price of CDN $0.10 per Unit. Each Unit shall consist of one (1) common (the “ Common Share ”) and one- half (1/2) warrant to purchase an additional Common Share at a price of $0. 15 (the “ Warrant ”) for a period of) months from the date of closing (the “ Warrant Expiry Date event that the closing price of the Common Shares as quoted by the primary exchange upon which the Common Shares trade or are quoted is equal to or greater for a period of twenty (20) consecutive trading day s, then the Warrant Expiry Date shall be the earlier of thirty (30) calendar days a fter the end of such 20 period and the Warrant Expiry Date, without further notice or action being by or of the Corporation, and if any Warrants remai n unexercised as of the accelerated warrant expiry date (the “ Accelerated Warrant Expiry Date unexercised Warrants shall expire and the owner of such expired Warrants shall have
- exercise such expired warrants; and a gross aggregate amount of $ 190,440 by the sale of 1,587,000 flow Through Units ”) at a price of CDN $0.12 per Flow Through Unit consists of one (1) Common Share of GSC Common Share ”) and one- half (1/2) warrant to purchase an additional Through Common Share at a price of $0. 15 (the “ Warrant ”) for a period of) months from the date of the Subscription Agreemen t (the “”). In the event that the closing price of the Flow -Through Common Shares as quoted by the primary exchange upon which the Flow -Through Common Shares trade or are quoted is equal to or greater t han $0. 30 for a period of twenty (20) GSW : TSX-V FINANCING V) announces the today that it has completed the closing of a brokered private placements (the equity units (the “ Units ”) Each Unit shall consist of one (1) common half (1/2) warrant to purchase an”) for a period of Warrant Expiry Date ”). In the event that the closing price of the Common Shares as quoted by the primary exchange upon which the Common Shares trade or are quoted is equal to or greater than $0.30 for a period of twenty (20) consecutive trading day s, then the Warrant Expiry Date shall be the earlier of thirty (30) calendar days a fter the end of such 20 -day trading period and the Warrant Expiry Date, without further notice or action being required by or of the Corporation, and if any Warrants remai n unexercised as of the Accelerated Warrant Expiry Date ”) such unexercised Warrants shall expire and the owner of such expired Warrants shall have flow -through units of per Flow -Through Unit.
GSC (the “ Flowhalf (1/2) warrant to purchase an additional”) for a period of) months from the date of the Subscription Agreemen t (the “ Warrant Through Common Through Common 0 for a period of twenty (20)
consecutive trading days, then the Warrant Expiry D ate shall be the earlier of thirty
- (30) calendar days after the end of such 20-day trading period and the Warrant Expiry Date, without further notice or action being requir ed by or of the Corporation, and if any Warrants remain unexercised as of the accelerat ed warrant expiry date (the “Accelerated Warrant Expiry Date ”) such unexercised Warrants shall expire and the owner of such expired Warrants shall have no ri ght to exercise such expired warrants.
Compensation
Compensation with respect to the Offering was paid to registrants who participated in the financing. Those registrants were paid a cash commission of 7% and were issued broker warrants equal to 7% of the units they contributed to the fi nancing. This resulted in cash commissions of $14,311 and 120,890 broker warrants being issued to participating registrants. The broker warrants have the same characteristics as the Warrants.
The proceeds of the Offerings will be used to advan ce the exploration on its exploration properties and for general working capital purposes.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to the Company and its management. Forward-l ooking statements are not historical facts but represent management’s current expectations of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “p lans”, “projects”, “anticipates”, “estimates”, “continues”, and similar expressions. Although mana gement believes that expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future re sults, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, GSC will also set out the material risk factors or assumptions used to develop the forward-looking statements. Exc ept as expressly required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forw ard-looking statements may be influenced by many factors, including, but not limited to: relian ce on key personnel; risks of future legal proceedings; income tax matters; availability and t erms of financing; distribution of securities; effect of market interest rates on price of securities, and potential dilution.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian mineral expl oration company primarily engaged in the business of acquiring, exploring and dealing in mineral properties in Canada.
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] 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.