CSE SYMBOL: SRS

Shamrock Enterprises Arranges Financing and Grants Options

News Release # 15-04  

CSE: SRS

May 11, 2015

Shamrock Enterprises Arranges Financing and Grants Options

 

Shamrock Enterprises Inc. (CSE: SRS) (the “Company”) is announces that, , it intends to carry out a non-brokered private placement (the "offering") of approximately 3,500,000 Units (the "Units") at a price of $0.03 per Unit to raise gross proceeds of approximately $105,000. The Company has been granted an exemption by the Canadian Securities Exchange regarding the minimum pricing policy. Each Unit consists of one common share and one share purchase warrant, entitling the holder to acquire an additional common share at $0.05 per share in the first year and at $0.07 per share in the second year.  If aggregate subscriptions for Units under the offering exceed the maximum number of Shares to be sold, the Company may increase the size of the offering or subscriptions will be allocated pro rata amongst all subscribers qualifying under all available exemptions.

The offering is open, subject to certain limitations discussed below, to existing shareholders of the Company who, as of the close of business on May 8, 2015, held common shares of the Company (and who continue to hold common shares of the Company at the time of closing) pursuant to the prospectus exemption set out in Multilateral CSE Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions (the existing shareholder exemption is not available in Ontario or Newfoundland and Labrador). The total acquisition cost to a subscriber under the existing shareholder exemption cannot exceed $15,000 unless that subscriber has obtained advice firm a registered investment dealer regarding the suitability of the investment.  There is no minimum subscription amount. 

Any existing shareholders interested in participating in the offering should contact the Company.

In addition to using the existing shareholder exemption, the offering will also be conducted pursuant to other available prospectus exemptions, including sales to accredited investors and family members, and close friends and business associates of directors and officers of the Company.

The proceeds of the offering will be used for general corporate purposes. Assuming that the entire $105,000 offering is completed, the use of proceeds will be as follows:

To perform modelling of the Fireweed Property mineralized zones of sulphides and precious metals

$ 15,000

Regulatory fees

5,900

Transfer agent fees

4,700

Audit and accounting, and annual meeting fees

30,000

Repayment of shareholder loan

5,000

Miscellaneous office and general supplies

44,400

 

$105,000

Although the Company intends to use the proceeds of the offering as described above, the actual allocation of net proceeds may vary from the uses set forth above, depending on future operations and unforeseen events or opportunities.  If the offering is not fully subscribed, the Company will apply the proceeds of the offering to the above uses in priority and in such proportions as management of the Company determines is in the best interest of the Company.

All Shares issued pursuant to the offering will be subject to a four-month hold period. A finder’s fee of cash, common shares or warrants, or a combination thereof, may be paid to eligible finders with respect to any portion of the offering that is not subscribed for by existing shareholders.

The Company also announces that it has granted to directors and officers incentive stock options to acquire up to 900,000 common shares at $0.05 per share for a five year period, pursuant to its Stock Option Plan.

Technical content of this New Release has been reviewed and approved by Plen Dickson, P.Eng., a Qualified Person for the purposes of NI 43‐101.

About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of silver and other precious metal properties in North America. The Company’s common shares are listed and posted for trading on the Canadian Securities Exchange ("CSE") under the symbol "SRS".

On behalf of the Board,

“Bob Faris”

CEO

For further information, please contact:

Shamrock Enterprises Inc.

Bob Faris,  President and CEO

Phone: (604) 880-2121

Neither the Canadian Securities Exchange nor its Regulation Services Provider

accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.  Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.