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Gunpowder Capital Corp., Provides Update on Payfare Inc.
Toronto, Ontario, December 7, 2017 – Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (OTCQB: GNPWF), (Frankfurt: YS6N), (“Gunpowder” or the “Corporation”) announced today that PayFare Inc., (“Payfare”) has signed a Letter of Intent where Payfare has agreed to enter into a proposed Qualifying Transaction with Hopewell Capital Corp., (TSXV:HOPE.P) a TSX Venture listed Capital Pool Company.
Gunpowder acted as both an early-stage financial advisor and investor in Payfare. Gunpowder participated in Payfare’s initial financing round with a Fifty Thousand Dollar (“$50,000.00”) CDN investment. Based on Payfare’s most recent financing, that investment is now worth approximately One Hundred Fifty Thousand Dollars (“$150,000.00”) CDN.
Mr. Paul Haber Stated: “We at Gunpowder are extremely pleased to see Payfare moving forward with its ‘Go Public’ endeavor. This has been a great investment for our stakeholders and we look forward to seeing Payfare continue to thrive as a public company.”
About Gunpowder Capital Corp.
Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com
For further information please contact:
Mr. Frank Kordy Mr. Paul Haber
CEO & Director CFO
Gunpowder Capital Corp. Gunpowder Capital Corp.
T: (647) 466-4037 T: (416) 363-3833
E: firstname.lastname@example.org E: email@example.com
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