Greenock Resources: Annual Meeting and Debt Conversion
30 6월 2011 - 4:24AM
Marketwired
Greenock Resources Inc. (TSX VENTURE: GKR) ("Greenock") announces
the corporation is completing a shares for debt conversion of
1,663,410 shares for $166,341. The purpose of these transactions is
to strengthen Greenock's balance sheet and provide capital to
advance corporate mineral development projects.
The shares for debt conversion is priced at $0.10 cents per
share. The debt is primarily unpaid management fees, salaries and
professional services to May 31, 2011 that have accrued but are
unpaid. All debt owed to current management of Greenock in the
amount of $156,500 is subject to disinterested shareholder approval
at Greenock's upcoming shareholder meeting.
Greenock is holding an Annual and Special meeting on July 28,
2011, 10:30 am at 80 Richmond Street West, Suite 1101, Toronto ON.
Existing shareholders and potential investors are welcome to attend
a presentation on the future of Greenock Resources Inc. All
information related to the Annual Meeting has been filed on SEDAR
for reference.
Greenock has filed its Interim Financials and Management
Discussion and Analysis to March 31, 2011 on SEDAR.
This press release includes certain "Forward-Looking Statements"
within the meaning of the US Private Securities Reform Act of 1995.
Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and
unknown risks, uncertainties and other factors. There can be no
assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in
such statements. Readers of this press release are cautioned not to
place undue reliance on these "Forward-Looking Statements". Michael
Newbury, P.Eng., is the qualified person who has reviewed this
material on behalf of the Company. All dollar amounts are noted in
Canadian dollars unless otherwise stated in this release.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Greenock Resources Inc. James S. Hershaw CFO &
Vice President, Corporate/Mineral Development (416) 603.7200 (416)
603.9200 (FAX) info@greenockresources.com
www.greenockresources.com
Greenock Resources (TSXV:GKR)
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