Gainey Closes Second and Final Tranche of Private Placement
Suite 501 – 595 Howe Street
Vancouver, BC CANADA V6C 2T5
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TSXV: GNC / OTC: GNYPF February 28, 2019
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
GAINEY CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Co mpany”) is pleased to
announce that the Company has closed the second and final tranche of its non-brokered private placement (the “Offering”)
announced on November 28, 2018 and will issue an additional 10,300,000 Units at a price of $0.05 per Unit for gross
proceeds of $515,000.
In th e first tranche close, t he Company issue d an aggregate of 15,000,000 Units at a price of $0.05 per Unit for gross
proceeds of $750,000. Each Unit consists of one common share and one common share purchase warrant which entitles
the holder to purchase an additional common share of the Company at a price of $0.10 for a period of four years from the
date of issuance.
All securities issued in connection with the Offering are subject to a statutory hold period of four months plus one day from
the date of issuance in accordance with applicable securities legislation.
The net proceeds of the Offering will be used to advance exploration activities at the Company’s Las Margaritas property
located in the State of Durango, Mexico, as well as for general working capital.
About Gainey Capital Corp.
Gainey is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares
strategically located in the gold/silver -rich Sierra Madre Occidental Trend in western Mexico. The Company’s mill, located
on its El Colomo property, is ca pable of processing up to 300 tons of ore per day. Additional information on Gainey, its
current operations and its vision, is available on the Company’s website at www.gaineycapital.com or from
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 480-347-8904
E-mail: [email protected]
Website: www.gaineycapital.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the Unit ed States. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)
or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered und er the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This press release may contain forward -looking statements. Forward -looking statements are
statements that are not historical facts and are gene rally, but not always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “wo uld”, “may”,
“could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially fro m those
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in forward looking statemen ts. Forward -looking statements are based on the beliefs, estimates and opinions of the Company’s
management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or re vise
any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
has reviewed or accepts responsibility for the adequacy or accuracy of this Release.