Financing Agreement for Up to $25 Million Signed by Geopulse Exploration
August 23 2011 - 7:53AM
Marketwired
Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) announces the
finalization of its negotiations with Haycliffe Corp. to procure up
to $25 million in financing for the Company. Haycliffe has agreed
to use its best efforts to seek to arrange a financing for Geopulse
for up to US$25 million; they will be entitled to a fee equal to 5%
of the gross amount of the financing.
The Company views the terms of today's announced financing
agreement as exceptionally favorable for its shareholders. Geopulse
expects to apply the proceeds for working capital, corporate
expenses and to execute their strategy of leveraging their
properties to maximize long-term shareholder value. Additional
Gold, Copper and Potash property expansion and asset purchases will
also be a priority.
Zurich based 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 opportunities.
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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