Green Swan Provides Gowganda Update
GSW: TSX-V
GREEN SWAN PROVIDES GOWGANDA UPDATE
Burlington, ON. May 12, 2017. On March 28, 2017 Green Swan Capital Corp. (TSXV:GSW)
(“Green Swan”) announced it had entered into an agreement to acquire 2,800 hectares in four
large unpatented claim blocks located in the Go wganda region of north-eastern Ontario (the
“Gowganda Claims”). Gowganda is located 85 km northwest of the town of Cobalt and its world
famous silver-cobalt camp, and roughly 120 km nor th of Green Swan’s other assets in Sudbury,
Ontario.
As part of the one million dollar non-brokere d financing announced April 17, 2017, Green Swan
and the arm’s length vendor of the Gowganda Clai ms have amended their agreement to provide
that the purchase price would be a total of $67,650 in cash an d 562,500 units issued at a deemed
price of eight cents per unit, with each un it consisting of one common share and one common
share purchase warrant exercisabl e at $0.10 for a period of eight een months from the date of
issue. The 562,500 units would be s ubject to a hold period of at l east four months and a day. In
addition, Green Swan will grant to the vendor a Net Smelter Returns Royalty of 2%, with half of
such NSR re-purchasable at any time at Green Swan’s option for $1,000,000.
Green Swan’s shareholders recently passed a resolution to change the Company’s name to
“CBLT Inc.” to demonstrate the focus on cobalt expl oration and development. trading symbol
“CBLT” has been reserved pe nding the formal name change . Regulatory approval will be
required for the corporate name change and the symbol change.
Green Swan continues to build its impressive port folio of assets in mini ng-friendly jurisdictions,
including its main Sudbury gold/cobalt asset, Dryden Cobalt, Otto Lake, Chilton Cobalt
(Quebec), 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
1 416-890-1232
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.