Gunpowder Capital raises $60K

pcNewsWireGunpowder Capital Corp. (CSE: GPC, GPC.PR.A; OTCPK: GNPWF; FSE: YS6N) has closed a non-brokered private placement of 6,000 “Class – A” Preferred Shares at a price of $10.00 CDN for gross proceeds of $60,000.00

News Release

Gunpowder Capital Corp., Raises $60,000.00 CDN via a Non-Brokered Private Placement Raise
FOR IMMEDIATE RELEASE June 16th, 2017

Toronto, Ontario, June 16th, 2017 – Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (OTC PINK: 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 Sixty Thousand Dollars (“$60,000.00”) CDN was raised by issuing Six Thousand (“6,000”) of the Corporation’s “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 Class – A” 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. No commission or finder’s fee is payable with respect to the closing of the placement. All “Class – A” Preferred Shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws.

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