Gunpowder also announced today that Eastgate has paid back, in full, the loan that Eastgate entered into with Gunpowder and that Gunpowder previously announced in its April 25th, 2017 press release. As previously disclosed in the April 25th, 2017 press release, and as part of the loan agreement between Eastgate and Gunpowder, Eastgate has issued One Million ("1,000,000") common stock purchase warrants to Gunpowder. The warrants shall have a life of three years, and allow for the purchase of 1,000,000 Eastgate common shares at a price of Five Cents ("$0.05") CDN per share
