BURLINGTON, ONTARIO--(Marketwired - April 2, 2014) - Green Swan Capital Corp. (TSX VENTURE:GSW) ("Green Swan") announces the closing of a private placement financing announced in a press release on January 14, 2014 and March 26, 2014.
The financing, which closed on April 1, 2014, consists of 4,300,000 Units at a price of $0.05 per Unit. Each Unit consists of one (1) Green Swan common share and one 12-month common share purchase warrant having an exercise price of $0.075 (seven and a half cents) (the "Warrant"). Each Warrant expires on April 1, 2015.
The gross proceeds of the financing were $215,000. Green Swan paid cash commissions of $11,200 and issued broker warrants for 224,000 Units. The broker warrants have the same characteristics as the Warrants.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian company engaged in the business of acquiring, exploring and dealing in mineral properties in Canada. Green Swan has 25,515,417 shares outstanding and is well-poised to deliver real value through exploration and through corporate M&A activities.
Forward Looking Statements
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. GSW cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what GSW currently foresees. Discussion of the various factors that may affect future results is contained in GSW's recent filings, available on SEDAR. GSW assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader. 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.
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.