TORONTO, ONTARIO — (Marketwire) — 05/07/12 — Greenock Resources Inc. (TSX VENTURE: GKR) („Greenock“) announces it has completed a $45,000 offering of a non-brokered equity private placement at $0.05 per Common Share with an attached full common share purchase warrant that is eligible to purchase a Common Share at a price of $0.10 per share for a period of 36 months from the date of closing. The offering is 900,000 shares and 900,000 share purchase warrants. Included in the offering is a finder-s fee of $800 and 20,000 finder-s warrants that entitles the holder to acquire one common share at $0.10 for 36 months from the date of the closing.
ABOUT GREENOCK
Greenock Resources Inc. is a Canadian based international mineral development company that focuses on developing a portfolio of natural resource properties. Shares outstanding: 33,139,470.
Greenock holds a 100% interest in the Needles gold / silver property located in the Arrowhead mining district of Nye County, Nevada. The property is approximately 40 miles southeast of the Barrick – Kinross Round Mountain Gold Mine. The Needles property has had historical underground mining for gold and silver in the early 1920-s.
This press release includes certain „Forward-Looking Statements“ within the meaning of applicable securities laws. Other than statements of historical fact, all statements are „Forward-Looking Statements“ that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these „Forward-Looking Statements“. Michael Newbury, P.Eng., is the qualified person who has reviewed this material on behalf of the Company. All dollar amounts are noted in Canadian dollars unless otherwise stated in this release.
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.
Contacts: Greenock Resources Inc. James S. Hershaw CFO & Vice President, Corporate/Mineral Development (416) 603.7200 (416) 603.9200 (FAX)
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