Geopulse Announces Financing
August 10 2011 - 3:47PM
Marketwired
Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has entered
into negotiations with Haycliffe Corporation to undertake a best
efforts basis financing for up to $25 million dollars in gross
proceeds for Company mining projects and expansion efforts.
The net proceeds of any Financing will be used to fund the
exploration and development of the Company Gold, Copper and Potash
projects and for general corporate and working capital
purposes.
Haycliffe Corp. is based in Zurich and Vienna. Haycliffe offers
advisory services that combine equity and merchant banking
expertise. They have extensive contacts and influence within
various European Financial Centers in which to raise capital and
arrange financing options for companies such as Geopulse
Exploration.
The Company is optimistic in their discussions, and look forward
to a mutually beneficial and successful final arrangement with
Haycliffe. Any developments in regards to this agreement will be
announced in due course.
Management's corporate strategy is to be a project explorer,
generator, and operator with an objective to option and/or
joint-venture projects with major and junior mining companies
through to production. Geopulse Management is currently completing
due-diligence and reviewing several national and international
resource projects for future acquisition.
This press release is not an offer to sell or a solicitation of
an offer to buy securities, nor shall there be any sales of the
securities in any jurisdiction in which such offer, solicitation,
or sale would be unlawful.
Safe Harbor for forward-looking statements
This release contains certain statements that are
"forward-looking" statements (as the term is defined in the Private
Securities Litigation Reform Act of 1995). Any such forward-looking
statements are inherently speculative and are based on currently
available information, operating plans and projections about future
expectations and trends. As such, they are subject to numerous
risks and uncertainties, such as general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations, and other factors over which
Geopulse Exploration Inc. has little or no control. Actual results
and performance may be significantly different from expectations or
trends expressed or implied by such forward-looking statements.
Geopulse Exploration Inc. expressly disclaims any obligation to
update the statements contained in this release.
Geopulse Exploration Inc. 6565 Americas Parkway NE, Suite
200 Albuquerque, NM 87110 Ph: 505-563-5787
investorinfo@geopulseinc.com
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