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.
Disclaimer
This news release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the Common Shares in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The Company's
Common Shares including the offering Shares have not been and will
not be registered under the United
States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to, or for the benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration
requirements.
The TSX Venture Exchange Inc. has in no way
passed upon the merits of the proposed transaction and has neither
approved nor disapproved the contents of this news 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.
SOURCE Georgetown Capital Corp.