Greenock Resources: Equity Issue and Debt Conversion
TORONTO, ONTARIO--(Marketwire - Oct. 8, 2010) - Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces that that the corporation is completing a private placement equity issue for $175,000. Coincident with this transaction Greenock is also completing a shares for debt conversion for $437,532. The purpose of these transactions is to strengthen Greenock's balance sheet and provide capital to advance corporate mineral development projects.
