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Green Swan Capital acquires 12 more claims in Sudbury
2016-08-29 13:59 ET - News Release
Mr. Peter Clausi reports
GREEN SWAN CAPITAL CORP. EXPANDS SUDBURY FOOTPRINT
Green Swan Capital Corp. has further increased in its footprint in the Sudbury basin. Green Swan originally acquired the Copper Prince property in June, 2016, as a result of historic evidence of cobaltite in quartz veins, together with supporting gold, copper and nickel values, and as a result of Green Swan's own technical due diligence review. The results of Green Swan's due diligence review were released June 20, 2016. Green Swan then staked additional claims in the area.
As a result of fieldwork at the property and Green Swan's further research, Green Swan has entered into an agreement with an arm's-length party to acquire a 100-per-cent interest in a further 12 claim units proximate to the property. The purchase price will be reimbursement of staking costs at cost and the issuance of 150,000 Green Swan common shares. The transaction is subject to regulatory approval.
Site pictures, maps and third party articles on the looming global cobalt shortage can be found at Green Swan's website.
We seek Safe Harbor.
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