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HUGE SHARE REDUCTION NEWS OUT LETTER OF INTENT SIGNED

Great Rock Development Signs LOI to Acquire Pioneering Autonomous Robotics Company

Sep 15, 2015
OTC Disclosure & News Service

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Great Rock Development Signs LOI to Acquire Pioneering Autonomous Robotics Company

PR Newswire

TORONTO, September 15, 2015

TORONTO, September 15, 2015 /PRNewswire/ --

Great Rock Development Corp (OTC: GROC) is pleased to announce the signing of a Letter of Intent to acquire an autonomous robotics company.

The target company brings a wealth of experience and knowledge to Great Rock as it is an established leader in the Automation Industry and has the technological reach to target several vertical markets.

The parties have been undergoing extensive due diligence and hope to finalize the transaction in the next few weeks. Both parties are operating under a non disclosure agreement until such time as the binding agreement is executed.

Further Stock cancellation

Strengthening our balance sheet and corporate structure further, Great Rock expects to cancel an additional 40,000,000 common shares in the next week. The cancellation will bring the issued and outstanding stock to less than 88,000,000 shares pre acquisition.

Management looks forward to sharing more information on our progress.

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