Green Swan Capital Corp.
TSX VENTURE : GSW.P

October 13, 2010 17:49 ET

Green Swan Capital Corp. Announces Closing of Private Placement of $100,000.00 in Common Shares

OTTAWA, ONTARIO--(Marketwire - Oct. 13, 2010) -

(NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES)

Green Swan Capital Corp. ("Green Swan" or the "Corporation") (TSX VENTURE:GSW.P) a capital pool company ("CPC") is pleased to announce that it has completed a non-brokered private placement of 2,000,000 common shares in the capital of the Corporation, at a price of $0.05 per common share. The common shares issued pursuant to the private placement are subject to a trading restriction for a period of four months and one day from the date of closing.

About Green Swan

Green Swan was incorporated under the Canada Business Corporations Act on April 28, 2008 and its fiscal year end is May 21. Green Swan is a capital pool company, as defined in listings policy 2.4 of the Exchange and as such it has not commenced commercial operations and has no significant assets other than cash with which to identify and evaluate potential acquisitions or businesses with a view to completing a Qualifying Transaction. As a result, Green Swan's current business is to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction.

Green Swan shares have traded on the Exchange (under the symbol "GSW.P") since October 7, 2008. Further information about Green Swan can be found in its prospectus dated effective September 2, 2008 and other filings by Green Swan with the Canadian securities regulators, which filings are available at www.sedar.com.

For Investors

Trading in the securities of a capital pool company should be considered highly speculative.

Certain information in this press release may contain forward-looking statements that are subject to risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The statements contained in this press release and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking- statements unless and until required by securities laws applicable to the Corporation. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

This is not an offer for sale, or solicitation of an offer to buy, in the United States or to any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) of any equity shares or any other securities of Green Swan.

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. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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