Gunpowder Capital Corp. (GNPWF: OTCQB) | Gunpowder Capital Corp., Raises $150,000.00 CDN via a Non-Brokered Private Placement Raise.

OTC

Gunpowder Capital Corp., Raises $150,000.00 CDN via a Non-Brokered Private Placement Raise.

Dec 22, 2017

OTC Disclosure News Service

Toronto, ONT, Canada

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Gunpowder Capital Corp., Raises $150,000.00 CDN via a Non-Brokered Private Placement Raise.


Dec 22nd, 2017


Toronto, Ontario, December 22nd, 2017 Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (OTCQB: GNPWF), (Frankfurt: YS6N), (Gunpowder or the Corporation) announced today that it has conducted, and that it has closed, a non-brokered private placement raise where One Hundred and Fifty Thousand Dollars ($150,000.00) CDN was raised by issuing Fifteen Thousand (15,000) of the Corporations Class A Preferred Shares at a price of $10.00 CDN per share. The Class – A Preferred Shares will pay up to an 8% annual dividend to the holders of the preferred shares. The shareholders of the Class A Preferred Shares will also see a 25% of after tax realized gains on any capital dispositions. No special voting rights will be granted to the holders of the Class- A Preferred Shares.

In connection with the closing of the Offering, Gunpowder paid finder’s fees in the aggregate amount totaling Twelve Thousand Dollars ($12,000.00) CDN in connection with certain subscriptions for the Corporations Class-A Preferred Shares. All Class A Preferred Shares issued in connection with the closing of  this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. Proceeds from this offering will be used exclusively for acquisitions and for general working capital purposes.


About Gunpowder Capital Corp.


Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com

For further information please contact:


Mr. Frank Kordy
CEO Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements


Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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This release includes additional documents. Select the link(s) below to view.

GPC-2017-47.pdf

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