Greencastle Announces Disposition of Common Shares of Highrock Resources

Rhea-AI Summary

Greencastle Resources Ltd. announces the disposition of 2,500,000 common shares in Highrock Resources Ltd., reducing its stake to 10.76% from 29.31%. The company may adjust its holdings based on market conditions.

Toronto, Ontario--(Newsfile Corp. - March 7, 2024) - Greencastle Resources Ltd. (TSXV: VGN) ("Greencastle" or the "Company") announces the Company has disposed (the "Disposition") of 2,500,000 common shares (each, a "Common Share") in the capital of Highrock Resources Ltd. ("Highrock"). Prior to the Disposition of the Common Shares, the Company held 3,900,000 Common Shares, representing approximately 29.31% of the issued and outstanding Common Shares in the capital of Highrock on an undiluted and partially diluted basis. Upon completion of the Disposition, the Company held 1,400,000 Common Shares, representing approximately 10.76% of the issued and outstanding Common Shares in the capital of Highrock on an undiluted and partially diluted basis.

Depending on market and other conditions, or as future circumstances may dictate, the Company may from time to time increase or decrease its holdings of Common Shares or other securities of the Company. A copy of the early warning report will be available on Highrock's issuer profile on SEDAR+ at www.sedarplus.ca.

For additional information, please visit www.greencastle.ltd or contact:

Anthony Roodenburg
Chief Executive Officer
Tel.: (437)-677-5075

Notice regarding Forward-Looking Information

Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200925

FAQ

How many common shares did Greencastle dispose of in Highrock Resources Ltd.?

Greencastle disposed of 2,500,000 common shares in Highrock Resources Ltd.

What percentage of Highrock's issued and outstanding Common Shares did Greencastle hold before the Disposition?

Before the Disposition, Greencastle held approximately 29.31% of the issued and outstanding Common Shares in Highrock.

What percentage of Highrock's issued and outstanding Common Shares does Greencastle hold after the Disposition?

After the Disposition, Greencastle holds approximately 10.76% of the issued and outstanding Common Shares in Highrock.

Where can the early warning report be accessed?

The early warning report will be available on Highrock's issuer profile on SEDAR+ at www.sedarplus.ca.

Who is the Chief Executive Officer of Greencastle Resources Ltd.?

Anthony Roodenburg is the Chief Executive Officer of Greencastle Resources Ltd.