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Sunday, September 13, 2015 10:58:20 PM
DEBT FREE!
GROC Security Details
Share Structure
Market Value1 $933,841 a/o Sep 11, 2015
Authorized Shares 750,000,000 a/o Mar 17, 2013
Outstanding Shares 207,520,259 a/o Jun 30, 2015 ***************NOW 128M!
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 27,190,108 a/o Mar 17, 2013
Par Value 0.001
http://www.otcmarkets.com/stock/GROC/profile
TORONTO , Sept. 11, 2015 /PRNewswire/ -- Great Rock Development Corp. (OTCPK: GROC) is pleased to announce the signing of an agreement to divest of one of its operating subsidiaries, Forest Bio- Products Inc.
Following the divestiture the company will emerge essentially debt free with over $1 million in liabilities retired. Great Rock will also rescind 80,000,000 common shares bringing the total issued and outstanding to under 128,000,000.
Commenting on the transaction, Great Rock Director Maria Gafter ... "With Forest Bios sales down in 2015 there will be little changed in the companys income and sales.
These moves will dramatically enhance the Companys balance sheet and improve shareholders equity."
The move allows management to focus more on efficiency and robotics solutions, a key market for the company."
About Great Rock Development .
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