Toronto, Ontario--(Newsfile Corp. - October 11, 2018) - Gunpowder Capital Corp. (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) ("Gunpowder" or the "Corporation") announced today that Viribus Structural Connectors Inc., ("Viribus") has retained Gunpowder to act as financial advisor to Viribus and to assist Viribus in its proposed "go public" transaction.
As compensation to Gunpowder for the services Gunpowder will provide Viribus in both the financial advisory and "go public" endeavors, Viribus will immediately pay Gunpowder a one-time advisory fee of Thirty Thousand Dollars ("$30,000.00") CDN. In addition, Viribus will also issue Two Hundred Thousand Dollars ("$200,000.00") CDN worth of Viribus Common Shares to Gunpowder. The Viribus Common Shares shall be issued to Gunpowder upon completion of Viribus being listed onto a Canadian based Stock Exchange.
Mr. Paul Haber Stated: "We are extremely pleased to have been selected by Viribus to manage the next stage in Viribus' corporate development and growth."
Mr. Patrick Dunn, CEO of Viribus Structural Connectors Inc., added: "We look forward to listing Viribus as quickly as possible onto a Canadian based stock exchange and we look forward with working with the Gunpowder team in commencing this process. We are very optimistic that Viribus could be listed onto a Canadian based stock exchange by the end of Q2 in 2019."
About Viribus Structural Connectors Inc.
Viribus Structural Connectors Inc., offers an innovative and proprietary structural, seismic and interlocking universal steel bracing system for both dimensional and engineered I-joist construction. We use a proprietary method of manufacturing and distribution producing your order locally. This allows us to provide fast delivery of small to large orders. Alliance Structural Product Sales Corp. was founded in British Columbia and is proud to provide products across the country making our homes and buildings safer. For more information please visit .
About Gunpowder Capital Corp.
Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit .
For further information please contact:
Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E:
Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E:
Mr. Patrick Dunn
CEO & Director
Viribus Structural Connectors Inc.
T: (778) 558-9166
E:
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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