Financing Agreement for Up to $25 Million Signed by Geopulse Exploration
(firmenpresse) - ALBUQUERQUE, NM -- (Marketwire) -- 08/23/11 -- 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.
6565 Americas Parkway NE, Suite 200
Albuquerque, NM 87110
Ph: 505-563-5787
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Datum: 23.08.2011 - 12:53 Uhr
Sprache: Deutsch
News-ID 58249
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ALBUQUERQUE, NM
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Mining & Metals
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