CSE SYMBOL: SRS

Shamrock Enterprises Arranges Private Placement Financing

News Release 

CSE: SRS

December 20, 2016

 

Shamrock Enterprises Inc. (CSE: SRS) (the “Company”) announces that it has been granted an exemption by the Canadian Securities Exchange regarding its minimum pricing policy.  Accordingly, the Company intends to raise up to $50,000 by the issuance of 1,666,666 Units at $0.03 per Unit.  Each Unit will consist of one common share and one share purchase warrant exercisable at $0.05 per share in the first year and at $0.07 per share in the second year from the date of issuance.

All of the warrants will be subject to an accelerated conversion that if and whenever at any time prior to the expiry date of the warrants, the closing sales price of the Company’s common shares (or the closing bid, if no sales were reported on a trading day) as quoted on the Canadian Securities Exchange (or such other stock exchange, quotation system or market on which the Company’s common shares are listed and where a majority of the trading volume of the Company’s common shares occurs) is $0.10 or higher for a period of 10 consecutive trading days, then the Company may, within 5 days of such event, provide notice by way of press release to the holders of the warrants of the early expiry of the warrants, and thereafter the warrants shall expire on that date that is 30 days from the date that such notice is given.

The Company intends to use the proceeds of the offering for general working capital purposes.  All Shares issued pursuant to the offering will be subject to a four-month hold period. A finder’s fee may be paid to eligible finders with respect to any portion of the offering. 

This press release does not constitute an offer to sell or a solicitation of any offer to buy the common shares in the United States. The common shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

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.