08:01:13 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Gunpowder Capital Corp
Symbol GPC
Shares Issued 31,510,256
Close 2018-10-09 C$ 0.04
Market Cap C$ 1,260,410
Recent Sedar Documents

Gunpowder to help Viribus go public

2018-10-11 09:08 ET - News Release

Mr. Frank Kordy reports

VIRIBUS STRUCTURAL CONNECTORS INC. ENGAGES GUNPOWDER CAPITAL CORP.

Viribus Structural Connectors Inc. has retained Gunpowder Capital Corp. to act as financial adviser to Viribus and to assist Viribus in its proposed go public transaction.

As compensation to Gunpowder for the services Gunpowder will provide Viribus in both the financial advisory and go public endeavors, Viribus will immediately pay Gunpowder a one-time advisory fee of $30,000. In addition, Viribus will also issue $200,000 worth of Viribus common shares to Gunpowder. The Viribus common shares shall be issued to Gunpowder upon completion of Viribus being listed onto a Canadian-based stock exchange.

Paul Haber stated, "We are extremely pleased to have been selected by Viribus to manage the next stage in Viribus's corporate development and growth."

Patrick Dunn, chief executive officer of Viribus Structural Connectors, added: "We look forward to listing Viribus as quickly as possible onto a Canadian-based stock exchange and we look forward with working with the Gunpowder team in commencing this process. We are very optimistic that Viribus could be listed onto a Canadian-based stock exchange by the end of Q2 in 2019."

About Viribus Structural Connectors Inc.

Viribus Structural Connectors offers an innovative and proprietary structural, seismic and interlocking universal steel bracing system for both dimensional and engineered I-joist construction. The company uses a proprietary method of manufacturing and distribution producing your order locally. This allows it to provide fast delivery of small to large orders. Alliance Structural Product Sales was founded in British Columbia and is proud to provide products across the country making homes and buildings safer.

About Gunpowder Capital Corp.

Gunpowder Capital is a merchant bank and advisory services firm based in Toronto, Ont., 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.

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