Thursday, March 01, 2018 11:03:23 AM
Toronto, Ontario--(Newsfile Corp. - February 27, 2018) - Gunpowder Capital Corp. (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) ("Gunpowder" or the "Corporation") announced today that it has entered into various agreements with Chess Supersite Corporation (OTC Pink: CHZP) ("CSC").
Chess Supersite Corporation has retained GPC to act as a financial advisor to CSC, and to assist CSC in listing its common shares onto a Canadian Stock Exchange, including assisting CSC with various administrative and compliance matters related to the listing process and assisting CSC with the drafting and filing of a non-offering prospectus with the Ontario Securities Commission.
As compensation to GPC for its services, Chess Supersite Corporation will pay GPC a one-time advisory fee of Thirty Thousand Dollars ("$30,000.00") CDN plus HST, plus expenses related to the financial advisory services GPC will provide CSC. The advisory fee will be payable in common shares of CSC and the common shares issued to GPC will be issued at a deemed price of $0.10 CDN. Furthermore, post listing onto a Canadian Stock Exchange, Chess Supersite Corporation will issue Eight Percent ("8%") of CSC's total outstanding common shares to GPC. Post listing CSC will also retain GPC for a minimum of six months to serve as a capital markets advisor for a fee of Five Thousand Dollars ("$5,000.00") CDN per month.
Mr. Paul Haber Stated: "We are extremely pleased and excited to be working with Chess Supersite Corporation with these multiple endeavors. Obtaining the Canadian Stock Exchange listing will help the Company release its full potential."
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