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GreenBank Added To CSE Composite Index

Toronto, Ontario, June 19, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that, effective after the close of trading on June 16, 2017, the Company has been added to the CSE Composite Index. The CSE Composite Index is comprised of shares of Canadian Securities Exchange (“CSE”) listed companies that meet market capitalization, trading volumes, and certain other criteria established by the CSE, and is a broad indicator of market ...

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Zara's Proposed Acquisition Fox Magnum Automative Signs $3.7M South Korean Manufacturing and Distribution Agreement

Toronto, Ontario, June 14, 2017- Zara Resources Inc. (CSE: ZRI) ("Zara" or the “Company”) announces that, following on from the previously announced acquisition agreement (“Acquisition Agreement”) by Zara of the Fox Magnum Automotive group (“Fox Magnum”), an exclusive South Korean manufacturing and distribution agreement has been signed by Fox Magnum. A South Korean investment group has agreed to pay For Magnum approximately CAD$3,700,000 for certain electric car manufacturing equipment as well as the exclusive manufacturing ...

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GreenBank Directors Exercise Options And Warrants

  Toronto, Ontario, May 31, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that effective May 31, 2017 a total of 730,000 incentive stock options and 400,000 warrants were exercised by three directors of the Company for total proceeds of $89,800. The Company also announces the granting of 1,840,000 incentive stock options to four directors of the Company, exercisable into 1,840,000 common shares at a price of $0.0305 per ...

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GreenBank To Acquire 10% Of Reliable Stock Transfer

  Toronto, Ontario, May 29, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that GreenBank has entered into an acquisition agreement (the “Agreement”) to purchase 10% of Reliable Stock Transfer Inc (“Reliable”), a Toronto based transfer agency focused on providing transfer agency services to public companies listed on the Canadian Securities Exchange. GreenBank will pay $150,000 for a 10% interest in Reliable, payable $50,000 in cash and $100,000 by ...

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GreenBank Completes Acquisition of 35% of Ubique Minerals

Toronto, Ontario, May 18, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that it has completed the acquisition of 35% of the issued share capital of Ubique Minerals Limited (“Ubique”), a private mineral exploration company. GreenBank paid $423,563 for a 35% interest in Ubique, payable by the issuance by GreenBank of 423,563 $1 Non-Voting 5% Preference Shares Series B. The principal property of Ubique is the Buchans Wileys Property (“Buchans ...

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May
28

Gorilla & CNRP Mining Announce 30% Increase in Elmtree Gold Resource

2012  Author:   

Vancouver, BC (May 28, 2012) – Gorilla Resources Corp. (the “Company”) is pleased to announce that the Company and CNRP Mining Inc (‘CNRP”), who previously agreed to conclude a reverse take-over transaction (“RTO”), have now received a new NI 43-101 report from Micon International Limited (“Micon”) on the Elmtree Gold Project (“Elmtree”) in New Brunswick which CNRP has agreed to purchase. Simultaneous with the RTO, CNRP is acquiring 100% of Elmtree, 60% from Castle Resources Inc. and 40% from Stratabound Minerals Corp.

The Micon resource estimate shows an increase in the gold resource of about 30%. Elmtree hosts at least three gold-bearing zones, and the updated report shows 1,611,000 indicated tonnes grading 1.91 g/t gold (99,000 ounces gold) and 2,053,000 inferred tonnes grading 1.67 g/t of gold (110,000 ounces of gold) in the West Gabbro Zone, with 2,367,000 inferred tonnes grading 0.74 g/t in the South Gold Zone (56,000 ounces of gold), 700,000 inferred tonnes grading 1.25 g/t in the Discovery Zone (29,000 ounces of gold). The cut-off grade used for the West Gabbro Zone and the Discovery Zone is 0.5 g/t Au and that for the South Gold Zone is 0.3 g/t Au.

The Company has filed a copy of the updated NI 43-101 report (the “Technical Report”) titled “Technical Report on the Mineral Resource Estimate for the Elmtree Gold Property, Gloucester County, New Brunswick, Canada” on SEDAR at www.sedar.com under the SEDAR profile of the Company. The Company also announces that it has filed on SEDAR a copy of the forms of proxy and the information circular (the “Circular”) which are being mailed to shareholders in connection with a shareholders meeting to be held on June 21, 2012 to approve the RTO and other related matters. Additional details about the RTO and related matters can be found in the Circular.

Charley Z. Murahwi, P. Geo., FAusIMM, one of the authors of the Technical Report, is the Qualified Person responsible for the scientific and technical work (as defined under National Instrument 43-101) discussed in this press release, and has reviewed and approved the content of this press release. Mr. Murahwi is independent of all parties to this transaction.

On behalf of the Board of directors:
“Scott Sheldon”
Scott Sheldon
President, CEO and Corporate Secretary
Gorilla Resources Corp.

For further information please contact the Company’s President, Scott Sheldon, at (604) 725.1857or contact@gorillaresources.com, or Danny Wettreich, CEO, CNRP MINING INC. at (972) 612.1400 or dw@churchillnrp.com.

Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the expected RTO and statutory arrangement to be completed by Gorilla Resources Corp. and the name change that is expected to occur in connection with and subsequent to completing the RTO. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CNSX has not reviewed, approved or disapproved the content of this press release

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