Dear shareholder,
Thank you for your inquiry. Garrison closed the first tranche of a previously-disclosed sale of shares to Asia Goldworks Limited for gross proceeds of $700,000. This closing occurred pursuant to a previously announced share purchase agreement between Garrison and AGL which provides that AGL will invest an aggregate of $5,000,000 (including the $700,000 at this first closing) in the Company by acquiring up to 50,000,000 common shares units of Garrison. The Unit price for the first and second tranches was $0.10 and the exercise price of the purchase warrants included in the Units then sold will be $0.12 per common share.
Regards,
AGORACOM Investor Relations