CSE SYMBOL: SRS

Shamrock Enterprises Completes Over Subscribed 1st Tranche of Offering

News Release #16-04

CSE: SRS

June 30, 2016

 

Shamrock Enterprises Inc. (CSE: SRS) (the “Company”) announces that it has completed a first tranche of an offering announced March 31, 2016.  The Company has raised $104,000 and issued 5,200,000 non flow-through Units, consisting of one common share and one share purchase warrant.  Each warrant entitles the holder to acquire an additional common share at $0.05 per share until June 28, 2017 and at $0.08 per share until June 28, 2018 (the “Unit Warrant”).  The shares, and any shares issued on exercise of the share purchase warrants, are subject to a hold period expiring October 29, 2016. The Company continues to raise funds for its $125,000, $0.04 Unit flow-through portion of the financing.

The Company paid finders’ fees totalling $8,600 in cash and issued 292,500 brokers’ warrants carrying the same terms and conditions as the Unit Warrants.

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, Chief Executive Officer

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.