Greencastle Announces Acquisition of Common Shares of Green Shift Commodities Ltd.

Core Viewpoint - Greencastle Resources Ltd. has entered into a share purchase agreement to acquire 4,000,000 common shares of Green Shift Commodities Ltd. for investment purposes, aligning with its strategy to invest in prospective resource companies [1][3]. Group 1: Acquisition Details - The acquisition involves issuing 3,600,000 common shares at a deemed price of $0.05 per share, totaling an aggregate deemed value of $180,000, with no cash consideration involved [2]. - The acquisition is subject to customary conditions, including corporate approvals and acceptance from the TSX Venture Exchange for the issuance of the consideration shares [4]. Group 2: Regulatory and Compliance Information - The consideration shares will be issued under Canadian securities laws and will be subject to a statutory hold period of four months and one day from the issuance date, with expectations for trading on the TSXV post-hold period [5]. - The vendor is considered arm's length to the company, and no finder's fees or commissions are applicable, ensuring the acquisition does not qualify as a related party transaction [6].