Green Swan Capital Corp. Reports on Annual and Special Meeting
BURLINGTON, ONTARIO--(Marketwired - Jul 10, 2014) - Green Swan Capital Corp. (TSX VENTURE:GSW) ("Green Swan" or "the Company") reports that pursuant to the Annual and Special Shareholder Meeting, which was held in Burlington, Ontario on July 10, 2014, shareholders have voted in favour of all management resolutions proposed in the Management Information Circular including the re-approval of Green Swan's Stock Option Plan, the approval of MNP LLP as Green Swan's auditors, the approval of conversion of certain debt to Green Swan common shares, the approval for Green Swan to issue common shares in excess of twenty-five percent of the number of common shares then issued and outstanding, and approval of Green Swan's plan to diversify its growth plan into other business areas.
In addition, Peter M. Clausi, Brian Crawford, Sunil Sharma, John Masters, Dr. Tom E. McCandless, and Edward Stringer were elected to the Board of Directors.
"We thank the shareholders for their support of and interaction with Green Swan's leadership team. As the shareholders have directed, Green Swan will continue to explore diversifying into the global hemp and cannabis industries, and will make relevant announcements as material details become available," said Peter M. Clausi, Green Swan's CEO. "The ongoing evolution of the worldwide hemp and cannabis industries gives us a rare opportunity to participate in what we expect to be a multi-year bull industry."
About Green Swan Capital Corp.
Green Swan Capital Corp. is a diversified Canadian company. With 25,890,973 shares outstanding, an aggressive growth strategy 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.
