TSX Venture Exchange Trading Symbol: GET
VANCOUVER, Sept. 26, 2013 /PRNewswire/ - Georgetown Capital Corp. (TSX-V: GET, "Georgetown" or the "Company"), announces that it is pursuing a non-brokered private placement of up to $2.0 million which will consist of up to 4.0 million common shares of the Company at a price of CAD $0.50 per share (the "Offering"). The shares under the Offering will be subject to a four month hold period in Canada.
The Company intends to use the net proceeds of the Offering to pursue mineral property acquisition opportunities in Turkey and across Eurasia. The Company is currently in discussions and carrying out due diligence with a number of parties in that area but has yet to sign any definitive agreements.
The Company may pay finder's fees on the Offering in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Closing of the Offering is anticipated to occur on or before October 26th, 2013 and is subject to customary closing conditions including, but not limited to the negotiation, execution of definitive placement agreements and receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.Shawn Wallace, Georgetown CEO, commented, "We are reviewing a number of gold exploration opportunities in Turkey and elsewhere in the Eurasian region. The completion of this financing should give us sufficient working capital to pursue some of these opportunities which will compliment our goal of building a successful gold exploration company." On Behalf of the Board "Shawn Wallace" Shawn Wallace President, CEO and Director Forward Looking Information This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements or graphical information involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no certainty that that new properties will be acquired or that the financing will be completed in whole or in part.