pcNewsWire – Shamrock Enterprises Inc. (CSE: SRS) has completed non-brokered private placement originally announced December 20, 2016, issuing 1,549,999 units for gross proceeds of $46,500.
July 4, 2017
Shamrock Enterprises Completes Private Placement Offering
Shamrock Enterprises Inc. (CSE: SRS) (the “Company”) announces that it has completed an offering originally announced December 20, 2016. The Company has raised a total of $46,500 through a non-brokered private placement. The Company will issue 1,549,999 Units, each unit consisting of one common share and one share purchase warrant (the “warrant”). Each warrant entitles the holder to acquire an additional common share at $0.05 per share until July 4, 2018 and at $0.07 per share until July 4, 2019. The Warrants will be subject to an accelerated expiration period in the event the Company’s shares trade on a recognized exchange at more than $.10 for a 10 day period, which will include days where no shares trade, after a period that is four months and a day from the issuance of the Warrants.
These Common Shares and Warrants issued under the Private Placement will be subject to a four month and one day resale restriction expiring November 5, 2017. The Company has paid no finders’ fees in conjunction with this placement.
About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of silver and other precious metal properties in North America. The Company’s common shares are listed and posted for trading on the Canadian Securities Exchange (“CSE”) under the symbol “SRS”.
On behalf of the Board,
For further information, please contact:
Shamrock Enterprises Inc.
Bob Faris, Chief Executive Officer
Phone: (604) 880-2121
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.