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Green Swan Capital (TSXV:GSW) announced a non-brokered Private Placement

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The company plans to raise up to $1 million through an offering of both common and flow through units.

Additional Information:

Company: Green Swan Capital
Website: http://www.greenswancapital.com,
Stock Symbol: TSXV: GSW
Date Published: Apr 19, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Green Swan Capital (TSXV:GSW) announced a non-brokered private placement.

The company plans to raise up to $1 million through an offering of both common and flow through units.

The company will raise up to $500,000 from common units priced at $0.08 per unit, with each unit consisting of 1 share and 1 warrant, with the warrant exercisable at $0.10 for 18 months.

It plans to raise an additional $500,000 from flow through units priced at $0.10 per unit, with each unit consisting of 1 flow through share and 1 common share warrant, with the warrant exercisable at $0.12 for 18 months.

The shares are currently trading at $0.10.

Green Swan has been aggressively acquiring strong cobalt assets in ethical jurisdictions (Ontario and Quebec), with a view to supplying the skyrocketing demand in cobalt, which is a key component in batteries for cell phone, laptops, hand held tools and most importantly electric vehicles.

Cobalt pricing on the London Metal Exchange has increased roughly 250% since February, 2016, and management believes that the price will continue to trend upwards for the foreseeable future.

The company recently closed a financing for $1 million, consisting of $0.10 units, which was placed by Industrial Alliance Securities.

The company will be seeking shareholder approval on April 24 to change its name to CBLT Inc., and has reserved “CBLT” as its new trading symbol.

For more information, please visit the company’s website, www.greenswancapital.com, contact Peter Clausi, President & CEO, at 905-681-1925, or email pclausi@greenswancapital.com.

I’m Samantha Deutscher for Investmentpitch Media