Green Swan Provides Details ON Non- Brokered Financing and Debt Conversion
GSW: TSX-V
GREEN SWAN PROVIDES DETAILS ON NON-
BROKERED FINANCING AND DEBT CONVERSION
Burlington, ON. April 17, 2017. Due to invest or demand and with the increasing public
awareness of the global shortage of cobalt, Green Swan Capital Corp. (the “ Company” or
“Green Swan ”) (TSXV:GSW) announces a non- brokered financing (the “ Offering”) which
will consist of:
(a) up to $500,000 in Common Share Units, each priced at $0.08 (eight cents), with
each Common Share Unit consisting of one common share and one common share
purchase warrant. Each common share purchase warrant shall be exercisable for an 18-
month period at $0.10 (ten cents); and
(b) up to $500,000 in Flow-through Units, each priced at $0.10 (ten cents), with each
Flow-through Unit consisting of one common share issued on a flow-through basis (the
“Flow-through Share”) and one common share purchase warrant exercisable for an 18-
month period at $0.12 (twelve cents).
Proceeds from the sale of the Flow-Through Units will be used for “Canadian Exploration
Expenses” which qualify as “Flow-Through Mi ning Expenditures” for the purposes of the
Income Tax Act (Canada) and the Company will renounce su ch expenses with an effective date
no later than December 31, 2017.
Proceeds from the Offering generally will be us ed for community engagement, exploration, data
compilation, drilling, all with a focus on cobalt , and for general purposes and administration
costs.
Where applicable, a finder’s fee may be paid of 7% cash and 7% in broker warrants, with such
broker warrants having the same characteristics as the underlying securities for which they have
been issued.
The Offering will take place by way of a private placement to qualified investors in those
jurisdictions where the Offering can lawfully be made. The secu rities to be issued under the
Offering will be subject to a minimum regulatory four month and one day hold period, from the
closing. Closing is anticipated to take place on the obtaining of regulatory approval.
In addition to the Offering, three arm's le ngth creditors of the Company holding $28,000.00
(twenty-eight thousand dollars) of debt in the aggregate have each agreed to convert their
respective debts into Common Share Units, which would result in the i ssuance of a total of
350,000 Common Share Units (the “Debt Conversion”).
The previously disclosed brokered financing agr eement with Industrial A lliance Securities Inc.
has been terminated.
The price of cobalt as traded on the London Metal Exchange is up over 250% since February,
2016. Shareholders are reminded to vote and/or attend the April 24, 2017 shareholder meeting, at
which time among other things the shareholders will be asked to approve a corporate name
change to “CBLT Inc.” The Company has reserv ed the trading symbol “CBLT”. The Company
believes this name and symbol better reflect its focus on exploring and developing cobalt assets
in responsible mining jurisdictions. Shareholders can download the circular and other meetings
materials from www.sedar.com.
Regulatory approval will be required for the co rporate name change, the symbol change, the
Offering and the Debt Conversion.
Green Swan continues to build its impressive port folio of assets in mini ng-friendly jurisdictions,
including its main Sudbury gold/cobalt asset, Dr yden Cobalt, Otto Lake, Chilton Cobalt, Geneva
Lake, Ryliejack and Mikayla.
Forward Looking Statements
This news release contains certa in statements that constitute fo rward-looking statements as they
relate to the Company and its management. Forward-looking statements are not historical facts but
represent management’s current expectation of future events, and can be identified by words such as
"believe", "expects", "will", "intends", "plans", "p rojects", "anticipates", "estimates", "continues"
and similar expressions. Although management believes that the 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 includ e assumptions and are subject to inherent risks
and uncertainties that could cause actual future results, 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 new release, the Company will also set out the material risk factors or assumptions
used to develop the forward-looking statements. Except as expressly required by applicable
securities laws, the Company assu mes no obligation to update or revise any forward-looking
statements. The future outcomes that relate to forward-looking statements may be influenced by
many factors, including, but not limited to: re liance on key personnel; risks of future legal
proceedings; income tax matters; availability and terms 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 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.