Greencastle Announces Acquisition of Common Shares of Highrock Resources

Rhea-AI Summary

Greencastle Resources Ltd. acquires 2,500,000 common shares in Highrock Resources Ltd. at an average price of $0.065 per share, representing approximately 18.78% of the issued and outstanding shares.

Positive

• Greencastle's acquisition of Highrock shares may positively impact its stock price.

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - September 13, 2023) - Greencastle Resources Ltd. (TSXV: VGN) ("Greencastle" or the "Company") announces the Company has acquired 2,500,000 common shares (each, a "Common Share") in the capital of Highrock Resources Ltd. ("Highrock") at an average price of $0.065 per Common Share, through the facilities of the Canadian Securities Exchange. Prior to the acquisition of the Common Shares, the Company did not hold any securities of Highrock. Upon completion of the acquisition of the Common Shares, the Company will hold 2,500,000 Common Shares, representing approximately 18.78% of the issued and outstanding Common Shares in the capital of Highrock on an undiluted and partially diluted basis. Depending on market and other conditions, or as future circumstances may dictate, the Company may from time to time increase or decrease its holdings of Common Shares or other securities of the Company. A copy of the early warning report will be available on Highrock's issuer profile on SEDAR+ at www.sedarplus.ca.

For additional information, please visit www.greencastle.ltd or contact:

Anthony Roodenburg
Chief Executive Officer
Tel.: 416-367-4571 ext. 222.

Notice regarding Forward-Looking Information

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180540