Disclosure NewswireTMiCrowdNewswire - Sep 6, 2016
TORONTO, ON – Gunpowder Capital Corp., (CSE: GPC) (FSE: YS6N) (the “Corporation”) announced today that it has entered into various agreements with DreamField Education Group, Inc., (“DreamField”).
DreamField has retained Gunpowder Capital Corp., (“GPC”) to act as a financial advisor to assist in DreamField’s proposed going public transaction. In order to provide DreamField’s with a sufficient public float, GPC will subscribe for up to Two Hundred and Fifty Thousand Dollars (“$250,000.00”) CDN of common shares in the capital of DreamField on the same terms and enterprise value as those anticipated in the going public transaction. These foregoing shares are intended to be ultimately distributed as a stock dividend to the common shareholders of GPC. GPC will also assist DreamField with various administrative and compliance matters related to the going public process.
As compensation for its services, DreamField will pay GPC $3,500 per month until the go public transaction is completed and issue to GPC 1,000,000 common shares.
DreamField is a Toronto based English as a Second Language (“ESL”) school. DreamField anticipates growing revenues from $1.5 million to over $10 million in 2018 if it is successfully able to access the capital markets and complete planned acquisitions.
Mr. Frank Kordy stated: “We are very pleased that DreamField has selected GPC to assist with, and complete its go public mandate. We think this is an exciting sector and look forward to a long term relationship with DreamField.”
Mr. Ivan Davis stated: “We here at DreamField are very excited to be working with GPC to bring us forward into the public market. A long term relationship is anticipated with GPC.”
For further information please contact:
Mr. Frank Kordy
Interim CEO & Director
T: (647) 466-4037
Mr. Paul Haber
Gunpowder Capital Corp.
T: (416) 363-3833
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.