GRAY ROCK Announces Non-Brokered Private Placement
GRAY ROCK RESOURCES LTD.
Suite 900 – 570 Granville Street
Vancouver, BC V6C 3P1
Ph: (604) 682-3701 ♦ Fax: (604) 682-3600
www.grayrockresources.com ♦ [email protected]
January 11, 2017 TSX-V Trading symbol: GRK
GRAY ROCK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Gray Rock Resources Ltd. (the “Company”) is pleased to announce that it has arranged a non-brokered private
placement of up to 1,000,000 units at a price of $0.30 per unit. Each unit will consist of one (1) common share
and one half (1/2) non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase
one additional common share with a term of one (1) year at an exercise price of $0.50 per share.
Cash commissions will be payable in connection with this financing , in accordance with the policies of the
TSX Venture Exchange. The net proceeds of this financing will be used to maintain the Company’s exist ing
operations, exploration, and general working capital requirements.
The financing is subject to the acceptance of the TSX Venture Exchange. The securities issued by the
Company in connec tion with this financing are subject to a 4 -month “hold period” from the date of
distribution, as prescribed by the policies of the TSX Venture Exchange and applicable securities laws.
ON BEHALF OF THE BOARD
"David Wolfin"
_________________________________
David Wolfin
President & CEO
Neither the 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. This release contains statements that are forward -
looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk
Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. Such information contained her ein
represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume
the obligation to update any forward-looking statement.