Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (OTCQB: GNPWF), (FSE: YS6N), announced today that it has conducted, and that it has closed, a non-brokered private placement raise where $1,227,000.00 CDN was raised by issuing 122,700 of the Corporation’s “Class — A” Preferred Shares at a price of $10.00 CDN per share. The “Class — A” Preferred Shares will pay up to an 8% annual dividend to the holders of the preferred shares. The shareholders of the “Class — A” Preferred Shares will also see a 25% of after tax realized gains on any capital dispositions. No special voting rights will be granted to the holders of the “Class — A” Preferred Shares.

In connection with the closing of the Offering, Gunpowder paid finder’s fees in the aggregate amount totaling $98,160.00 CDN in connection with certain subscriptions for the Corporation’s “Class — A” Preferred Shares. All “Class — A” Preferred Shares issued in connection with the closing of this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. Proceeds from this offering will be used exclusively for acquisitions and for general working capital purposes.

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view..