Shareholders Approve NAME Change to CBLT Inc.
GSW: TSX-V
SHAREHOLDERS APPROVE NAME CHANGE TO
CBLT INC.
Burlington, ON. April 25, 2017. The shareholders of Green Swan Capital Corp. (the “Company”
or “ Green Swan ”) (TSXV:GSW) today approved all items put forward at the Annual and
Special Shareholder Meeting, including the re-election of all directors and an approval to change
the Company’s name to “CBLT Inc.”
The Company believes the world entered a cobalt- deficit position in 2016, due to a combination
of falling production and increased demand for cobalt in power storage devices like batteries and
the Powerwall, and that this deficit will continue for a number of years. This deficit is reflected
on the London Metal Exchange where the price of cobalt is up over 250% since February, 2016.
War-torn Congo cannot be a reliable provider of ethical and transparent cobalt, which means
electric battery manufacturers must look to ot her jurisdictions for their cobalt. The Company
began an aggressive move as an early leader in this field, and as a result has created a strong
portfolio of mining assets in reliable jurisdictions, to date focusing on Canada.
Changing the name to CLBT Inc. better de monstrates the Company’s emphasis on cobalt
exploration and development. The Company has reserved the trading symbol “CBLT” pending
the formal name change. Regulatory approval will be required for the corporate name change
and the symbol change. New social media platforms under the new name will be implemented as
soon as possible.
Said CEO Peter M. Clausi, “This vote is a resoun ding endorsement of the board’s early strategic
decision to move into cobalt where a transpar ent supply chain can be managed. With the
shareholders’ confidence, in 2017 we intend to imminently close the previously-announced $1
million non-brokered financing; to carry out field work in Sudbury, Gowganda and Quebec, and,
to continue with our M&A activity to create value with our pen as well as addition to the drill
bit.”
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.