TSXV – GGS.V
VANCOUVER, March 9, 2016 /CNW/ - Golden Secret Ventures
Ltd. (TSXV – GGS.V) (the "Company") is pleased to
announce that Christy Louth,
Bernadette D`Silva and Matt Lawson
have been appointed to the Company's board of directors and the
Company has appointed Christy Louth
as Chief Executive Officer and Joanna
Vastardis as Chief Financial Officer and Corporate
Secretary. Doreen Boitard,
Steven J. Chan, Darcy Krell, David G.
Mark, Ronald McGregor and
Linda Smith have resigned from the
board and the board would like to thank them for their
services.
The Company has also entered into a mandate agreement with Fiore
Management & Advisory Corp. to provide financial advice and
corporate administration.
In connection with the foregoing appointments, an aggregate of
1,600,000 incentive stock options have been granted to directors,
officers, consultants and charitable organizations at a price of
$0.05 per share, exercisable for a
period of 10 years, subject to TSX-V approval.
The Company also announces that Frank
Giustra, Fiore Financial Corporation, a company owned and
controlled by Frank Giustra, and the
Radcliffe Foundation, a charitable organization controlled by
Frank Giustra, acquired 4,050,000
common shares and 2,000,000 warrants pursuant to a private
transaction. The acquisitions represent 19.64% of the issued
and outstanding common shares of the Company and 40% of the issued
and outstanding warrants of the Company. As a result of the
acquisition of securities described above, Frank Giustra directly and indirectly, owns and
or controls, in aggregate 4,050,000 common shares of the Issuer,
representing 19.64% of the current issued and outstanding common
shares of the Company and would own 6,150,000 common shares,
representing 27.07% on a partially diluted basis, assuming exercise
of the 100,000 options and 2,000,000 share purchase warrants held
by Frank Giustra directly and
indirectly.
The Company further announces that Brian
Paes-Braga and Quiet Cove Capital Corp., a company owned and
controlled by Brian Paes-Braga
acquired 2,500,000 common shares and 2,000,000 warrants pursuant to
a private transaction. The acquisitions represent 12.13% of
the issued and outstanding common shares of the Company and 40% of
the issued and outstanding warrants of the Company. As a result of
the acquisition of securities described above, Brian Paes-Braga directly and indirectly, owns
and or controls, in aggregate 2,500,000 common shares of the
Issuer, representing 12.13% of the current issued and outstanding
common shares of the Company and would own 4,500,000 common shares,
representing 19.9% on a partially diluted basis, assuming exercise
of 2,000,000 share purchase warrants held by Brian Paes-Braga directly and indirectly.
The Company has been advised that Mr. Giustra and his related
entities and Mr. Paes-Braga and his related entities acquired these
securities for investment purposes and as disclosed in the Early
Warning Report accompanying this news release, may in the future
acquire or dispose of securities of the Company, through the
market, privately or otherwise, as circumstances or market
conditions warrant.
On behalf of GOLDEN SECRET VENTURES LTD.
"Christy
Louth"
Chief Executive Officer
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.
SOURCE Golden Secret Ventures Ltd.