BURLINGTON, ONTARIO — (Marketwire) — 08/13/12 — Green Swan Capital Corp. (TSX VENTURE: GSW) announces a revision to the closing of a non-brokered common share financing.
Green Swan Capital Corp. („GSC“) announced today that it has completed the closing of a private offering of CDN$261,440 by way of two non-brokered private placements (the „Offerings“).
Details of the Offerings are as follows:
Compensation
Compensation with respect to the Offering was paid to registrants who participated in the financing. Those registrants were paid a cash commission of 7% and were issued broker warrants equal to 7% of the units they contributed to the financing. This resulted in cash commissions of $15,151 and 127,890 broker warrants being issued to participating registrants. The broker warrants have the same characteristics as the Warrants.
The proceeds of the Offerings will be used to advance the exploration on its exploration properties and for general working capital purposes.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to the Company and its management. Forward-looking statements are not historical facts but represent management-s current expectations of future events, and can be identified by words such as „believe“, „expects“, „will“, „intends“, „plans“, „projects“, „anticipates“, „estimates“, „continues“, and similar expressions. Although mana gement believes that 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 include 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 news release, GSC 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 assumes 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: reliance 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 mineral exploration company primarily engaged in the business of acquiring, exploring and dealing in mineral properties in Canada.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
Peter M. Clausi President, CEO and Director
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.
Contacts: Green Swan Capital Corp. Peter M. Clausi 905-681-1925
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