TORONTO, ONTARIO – June 30, 2015 – Greatbanks Resources Ltd., (“Greatbanks” or the “Company”) (formerly Invenio Resources Corp.), (TSX.V: GTB), is pleased to announce a non‐brokered private placement offering (the “Offering”) of up to 10,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for aggregate gross proceeds of up to $500,000.
Each Unit shall be comprised of one common share (each, a “Common Share”) in the capital of the Company and one Common Share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.08 per Common Share for a period of three years following the date of closing of the Offering. The Offering is expected to close on or before July 10, 2015.
The securities issued pursuant to the Offering will all be subject to a 4 month regulatory hold period commencing from the date of issuance. The Offering remains subject to acceptance by the TSX Venture Exchange of requisite regulatory filings.
Greatbanks is a mining and resource issuer based in Vancouver, Canada. The Company will be focused on identifying assets and opportunities that meet the following criteria, production, near term production, enhanced exploration and special situations demonstrating a potential unique growth.
Issued on behalf of the Board of Directors of Greatbanks Resources Ltd.
Andrew Male, President
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. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.