TORONTO, ON / ACCESSWIRE / July 6, 2016 / Gunpowder Capital Corp. (CSE: GPC), (FSE: YS6N) (the "Corporation") announced today
that it has created GP Self Storage Inc. to complement its newly formed GP Reality division. Furthermore, the Corporation has also
entered into two separate agreements to acquire two Ontario based storage unit facilities. The closing for both facilities is
anticipated to occur within the next 30 to 45 days.
At the time of dissemination of this press release, the Corporation has a made a refundable deposit of Thirty Thousand Dollars
("$30,000.00") CDN to secure the two facilities. The Corporation is also currently negotiating the mortgage terms for the two
facilities with its lender. Before finalizing the acquisitions, all required property inspections and accounting due diligence,
will have to be completed on both facilities which the Corporation is currently working on completing.
Mr. Paul Haber stated: "We are very pleased to have entered into the agreements to acquire these facilities. As I've previously
stated, the Corporation strongly believes that real estate provides an excellent long term investment to its shareholders.
Unaudited net income for both facilities is currently Fifty-Nine Thousand Dollars ('$59,000.00') CDN per annum, and the combined
Return on Investment ("ROI") is 8.4% which we feel in these market conditions is a very strong ROI. Furthermore, we also believe
that we can increase the revenue streams of the two facilities by making improvements, and by finding efficiencies in the way
they're managed."
Mr. Frank Kordy stated: "Should both of these acquisitions get completed, the Corporation's newly formed real estate divisions,
in their current form, will generate slightly under One Hundred and Ten Thousand Dollars ('$110,000.00') CDN per year in gross
revenue which amounts to close to Nine Thousand Dollars ('$9,000.00') CDN in gross revenue, per month. I'm very pleased with the
current properties Paul Haber, and the rest of the business development team have sourced for the Corporation and its shareholders.
The business development team continues to be 'sector agnostic' and continues to source business acquisition opportunities that
will generate immediate revenue and ROI."
The Board of Directors of Gunpowder Capital Corp., have also today declared a dividend of $0.20 per outstanding "Series A"
Preferred Share of its capital payable on, or after, August 6th, 2016 to "Series A" Preferred Shareholders of record at the close
of business on June 30th, 2016.
For further information please contact:
Mr. Frank Kordy Interim CEO & Director Gunpowder Capital Corp. T: (647) 466-4037 E: frank.kordy@gunpowdercapitalcorp.com
Mr. Paul Haber CFO Gunpowder Capital Corp. T: (416) 363-3833 E: paul.haber@gunpowdercapitalcorp.com
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.
SOURCE: Gunpowder Capital Corp.
