Gunpowder Capital closes $300K private placement

pcNewsWireGunpowder Capital Corp. (CSE: GPC; FSE: YS6N) has completed a non-brokered private placement of 3,001,000 units at $0.10 per unit for gross proceeds of $300,100.00

Press Release

Gunpowder Capital Corp., Has Conducted And Has Closed A Non-Brokered Private Placement Raise For $300,100.00 CDN

Toronto, Ontario–(Newsfile Corp. – May 17, 2017) – Gunpowder Capital Corp., (CSE: GPC) (CSE: GPC.PR.A) (FSE: YS6N) (“Gunpowder”, “GPC” or the “Corporation”) announced today that it has conducted, and that it has closed, a non-brokered private placement raise. In total, Three Hundred Thousand and One Hundred Dollars (“$300,100.00”) CDN was raised by issuing Three Million and One Thousand (“3,001,000”) units at a price of $0.10 CDN per unit. No commission or finder’s fee is payable with respect to the closing of this placement. Each unit is comprised of one common share of the Corporation, and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of the Corporation for $0.15 for a period of 36 months from the closing date. All common shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws.

The Corporation continues to find strong market support and confidence in the Corporation’s business model, as the units sold in this placement were all sold at a premium to the Corporation’s Common Share stock price, based on market close on May 16th, 2017.

For further information please contact:

Mr. Frank Kordy
Interim CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037

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