CSE SYMBOL: SRS

Shamrock Closes First Tranche of Financing

News Release
CSE: SRS
December 28, 2018

SHAMROCK ENTERPRISES INC. ANNOUNCES PRIVATE PLACEMENT

Shamrock Enterprises Inc.  (“Shamrock” or the “Company”), a Canadian mineral exploration company is pleased to announce that it has closed the first tranche of its private placement financing (the “Financing”).  The placement will consist of  up to $250,000 in non-flow through units priced at $0.03 per Non Flow Through unit (“NFT-Unit”) and up to $250,000 in flow-through shares priced at $0.05 per share (“FT-Share”).  Each NFT-Unit will consist of one common share in the Company and one half of a share purchase warrant.  Each full warrant of the NFT-Units is exercisable to purchase one common share at $0.05 for two years from the date of closing. 

The Company has issued 1,770,000 NFT Units and 650,000 FT-shares for gross aggregate proceeds of $85,600 for the first tranche of the place and will continue to seek funding for the remaining amounts as noted above.

In connection with the closing of the first tranche of the Financing, the Company will pay finder’s fees totaling $2,805 in cash, and 93,500 in finder’s warrants, with the warrants having the terms described above. All the securities issued are subject to a four month hold period from the date of closing.

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.