Gunpowder Capital closes $135,900 second tranche

pcNewsWireGunpowder Capital Corp., (CSE: GPC; FSE: YS6N) has closed the second tranche, issuing 13,590 Class A Preferred Shares at a price of $10.00 CDN per shares for gross proceeds of $135,900

News Release

Gunpowder Capital Corp., Closes Second Tranche of its Non-Brokered Private Placement Raise.


Toronto, Ontario, May 31st, 2017 – Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (Frankfurt: YS6N), (“Gunpowder” or the “Corporation”) announced today that it has closed the second tranche of its “Class – A” Preferred Shares non-brokered private placement raise. In total One Hundred and Thirty-Five Thousand, Nine Hundred Dollars (“$135,900.00”) CDN was raised by issuing Thirteen Thousand, Five Hundred and Ninety (“13,590”) 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 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 tranche of 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

Mr. Paul Haber
Gunpowder Capital Corp.
T: (416) 363-3833

SOURCE: Gunpowder Capital Corp.