Greencastle Announces Significant Shareholding In Deveron Resources Ltd.
Greencastle acquired 186,500 common shares of Deveron at a price of $0.25 per common share in connection with the completion of the initial public offering of Deveron. Following this acquisition, Greencastle holds an aggregate of 7,756,005 common shares of Deveron, representing approximately 65.76% of the issued and outstanding common shares of Deveron.
In addition, Greencastle holds 6,031,090 warrants of Deveron exercisable at $0.30. In the event that the warrants are exercised, Greencastle will hold a total of 13,787,095 common shares of Deveron, or approximately 77.34% of all issued and outstanding common shares of Deveron, on a partially diluted basis assuming exercise of Greencastle''s warrants only.