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HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - May 28, 2015) - Grand Power Logistics Group Inc. (the "Corporation") (TSX VENTURE:GPW) announces that it has completed a non-brokered private placement of 8,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $400,000. Each Unit is comprised of one common share ("Common Share") and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder to acquire, for a period of one year from the date of issue, one common share ("Warrant Share") at an exercise price of $0.12 per common share. The Units sold under the Offering, including the Common Shares, Warrants and Warrant Shares, will be subject to a statutory four month hold period, which expires September 27, 2015. |
