Gunpowder Capital Corp. Generates 53% Annualized Rate of Return on the First Sale in its USA Home Rehabilitation Venture

December 18, 2017 8:00 AM EST | Source: Gunpowder Capital Corp.

Toronto, Ontario--(Newsfile Corp. - December 18, 2017) - Gunpowder Capital Corp., (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) ("Gunpowder" or the "Corporation") announced today that it has successfully closed the sale one of the three rehabilitated properties that the Corporation currently holds an ownership stake in via its USA Home Rehabilitation Market Pilot Program.

Total profit from the sale of the property amounted to Nineteen Thousand Seven Hundred and Eighty-Eight Dollars ("$19,788.00") USD. As previously stated in the Corporation's August 8th, 2017 press release, profit from the sale of any real estate assets involved in the USA Home Rehabilitation Market Pilot Program will be divided up between GPC and its two partners involved in the program with GPC being entitled to Forty-Five Percent ("45%") of any profit generated.

The sale of the property amounted to a net gain of Eight Thousand, Nine Hundred and Five Dollars ("$8,905.00") USD to the Corporation which amounts to an Fifty-Three percent ("53%") annualized rate of return on the Corporation's total investment. The Corporation is very pleased with the results of the partnership. We await the results on the other two properties and will continue to make further investments into the partnership with the eventual goal of growing the business to the point where the partnership rehabilitates three to five homes a month.

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. For more information please visit www.gunpowdercapitalcorp.com

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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