Tickers: XTSX:GX
Tags: Mining
December 29, 2017 / TheNewswire / Calgary, Alberta - Graydon Kowal issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 with respect to Guardian Exploration Inc. (the "Corporation").
On December 29, 2017, Graydon Kowal received, through his wholly-owned corporations, Guardian Drilling and Consulting Inc., Deckland Inc. and Guardian Helicopters Inc. (collectively, the "Kowal Corporations"), an aggregate of 47,681,860 common shares of the Corporation in settlement of $2,384,093.00 of loans to the Corporation. None of the Kowal Corporations held any common shares of the Corporation prior to the debt settlement. As a result of the debt settlement, Graydon Kowal and the Kowal Corporations now jointly own 49,686,745 common shares in the capital of the Corporation, or 86.40% of the common shares of the Corporation now issued and outstanding (undiluted).
In the future, depending on economic or market conditions or matters relating to the Corporation, the Kowal Corporations and/or Graydon Kowal may choose to either acquire additional securities or dispose of securities of the Corporation. Neither Graydon Kowal nor any of the Kowal Corporations has any present intention to acquire additional securities of the Corporation. The common shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "GX".
FOR FURTHER INFORMATION, PLEASE CONTACT:
Graydon Kowal
(403) 730-6333
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
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