Good Life China Corporation (GLCC): Post Unavailable Additional Informati...

War_Eagle215 · 2008-06-17T18:48:02.6000000Z

From today's PR BEIJING, June 17 /PRNewswire-FirstCall/ -- PINK SHEETS: GLCC http://www.goodlifechina.com/ announced today that it has issued its management, key staff and its advisors "A" to "J" class warrants in the range of 1 to 3 million shares at the strike price ranging between 0.20 cents to 0.35 cents per share. This is being done part and parcel in exchange for the 25 million cancelled shares recently announced. Michael Ellis, a spokesman for Mina Mar Group, the issuers corporate advisor, investor relations company and a warrant beneficiary, said: "We have always maintained that we will do what is in the best interest of the company. We remain dedicated, committed and in for the long haul." Although not a required filing for the issuer, these warrants will be filed with Pink Sheets as a matter of public records, for the purpose of maintaining transparency of the issuer. To the novice shareholders, simply put a warrant allows the beneficiary to purchase a stock at the now agreed price from the issuer. This does not mean the company is giving away free shares. It simply means, for example, that a series A warrant fully issued will bring the company a cash settlement of $600,000.00 and the company will issue 3 million restricted shares. See http://en.wikipedia.org/wiki/Warrant_(finance