Georgetown Capital Corp.

Georgetown Capital Corp.

January 19, 2011 12:42 ET

Georgetown Capital Corp. Arranges Increase in Proceeds of Previously Announced Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2011) - Georgetown Capital Corp. (TSX VENTURE:GET.P) (the "Company"), is pleased to announce that further to its news release dated October 7, 2010, the Company has reached agreements in principle to increase its previously announced private placement financing to be completed in conjunction with its Qualifying Transaction from CDN$1,500,000 to CDN$2,050,000 (the "Private Placement") at an intended price of CDN $.55 per share. The net proceeds of the Private Placement will be used to fund the acquisition of the Option to acquire a 60% undivided beneficial interest in the Tanacross mineral property in Alaska and other costs associated with the Qualifying Transaction, the work program recommended on the Tanacross Property, maintenance of the Tanacross Property and to provide general working capital.

On Behalf of the Board

Ivan Bebek, Director

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.

Contact Information

  • Georgetown Capital Corp.
    Ivan Bebek
    (604) 683-8193
    (604) 683-8194 (FAX)