Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc.

April 13, 2015 09:00 ET

CORRECTION FROM SOURCE: Grand Power Announces a Proposed Private Placement

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - April 13, 2015) -

This document corrects and replaces the press release that was sent April 10, 2015 at 16:39 ET

Grand Power Logistics Group Inc. (the "Corporation") (TSX VENTURE:GPW) announces that it proposes to offer by way of a non-brokered private placement up to 8,000,000 units ("Units") at a price of $0.05 per Unit to raise gross proceeds of up to $400,000. Each Unit is to consist of one common share and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder to acquire, for a period of one year from the date of issue, one common share at an exercise price of $0.12 per common share.

The proceeds of the private placement will be used by the Corporation for general working capital.

The offering is subject to all necessary corporate and regulatory approvals.

About Grand Power Logistics Group Inc.

Grand Power operates principally through its wholly owned Hong Kong based subsidiary, Grand Power Express International Limited (GP Express), and provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services. GP Express has established operations in various regions, particularly in the Greater Pearl River Delta (GPRD), one of China's largest economic regions. GP Express' Subsidiaries or Branch Offices in this region are located in Macau, Shenzhen and Guangzhou. GP Express also operates in other regions through Subsidiaries and Branch Offices or Supporting Offices in Shanghai, Beijing, Tianjin and Xiamen. For more information, please visit

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.

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