BURLINGTON, ONTARIO--(Marketwired - April 8, 2014) - Green Swan Capital Corp. (TSX VENTURE:GSW) ("Green Swan") announces the diversification of its growth plan into other business areas. Green Swan's board has instructed management to immediately identify international medical and non-medical marijuana and hemp opportunities. Green Swan will add to its advisory board and will also continue with its Mining Division.
Green Swan has granted a total of 775,000 incentive stock options pursuant to its stock option plan to certain officers, directors and consultants exercisable at a price of $0.135 cents per share for a period of five years from the date of grant. The board has approved the conversion of debt to equity in Green Swan for arm's length and non-arm's length creditors, and authorized management to negotiate as may be necessary with any creditors. The grant of the options and the debt conversion are subject to regulatory approval.
The board has called an annual and special shareholder meeting for July 10, 2014.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a diversified Canadian company. With 25,515,417 shares outstanding and a proven leadership team, Green Swan is well-poised to deliver real value to its shareholders.
Forward Looking Statements
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. GSW cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what GSW currently foresees. Discussion of the various factors that may affect future results is contained in GSW's recent filings, available on SEDAR. GSW assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader. 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.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
Peter M. Clausi, President, CEO and Director
Neither 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.