Early Bird Special

Public Notice – Private Offering of 200,000 Series B Preferred Shares

January 15, 2018

This offering is for the sale of 200,000 shares of Grant Lake Corporation’s Series B Preferred Stock which represented 20.00% ownership in the Company, on a fully diluted and as-converted basis. Up to 20,000 Series B Preferred shares are offered as early bird shares at a discount price. There are currently 200,000 Series B Preferred Stock shares remaining unsold, representing 20.00% ownership in the Company, on a fully diluted and as-converted basis.

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Description of Offered Securities:

The Company, an Alaskan C Corporation, has authorized the sale of previously unissued Series B Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”).  Each share of Series B Preferred Stock is convertible at any time, at the option of the holder, into 10.0000 shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”).  The Series B Preferred Stock is entitled to a cumulative dividend of 10% per annum, compounding quarterly.  The Series B Preferred Stock is the senior outstanding equity security of the Company and has a liquidation preference of $100.00 per share (plus all accrued and unpaid dividends).  The holders of the Series B Preferred Stock vote on all corporate matters, on an as-converted basis, with the holders of the Common Stock.  The Series B Preferred Stock is redeemable, at the request of the holders of a majority of the Series

B Preferred shares then outstanding, at any time on or after January 15, 2023, at a price of $100.00 per share (plus all accrued and unpaid dividends). The Company has authorized the sale of 20,000 early bird shares at $50.00 per Series B Preferred share, redeemable at $100.00 per share on the same terms noted above. There are currently zero (0) outstanding shares of Series B Preferred stock.

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Use of Funds:

Proceeds from this offering will be used for working capital and project development costs through December 31, 2020; a 36 month period.

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Contact the Company at (865) 803-1416, or email; paul.torgerson@grantlakecorp.com for further information, or to receive a Private Placement Memorandum (PPM) and formal stock purchase documents to purchase shares. This offering is open only to accredited investors, or those unaccredited investors purchasing shares through an accredited securities professional.

© 2018 – Grant Lake Corporation

 

Public Notice – Private Offering of 20,000 Early Bird Series B Preferred Shares

 

 

January 15, 2018

 

To the Viewer,

 

The Board Of Directors has approved the offering of 20,000 “Early Bird” shares of the Company’s Series B Preferred stock at a discounted price of $50.00 per share. All funds will be used for 2018 working capital of the Company.

 

The early bird shares are redeemable, along with all other Series B Preferred stock, on or before January 15, 2023, at $100.00 per Series B Preferred share plus accrued interest and unpaid dividends.

 

Each stockholder owning Series B Preferred stock can elect to convert their Series B Preferred shares into 10.0000 fully ratcheting common shares at $10.00 per common share at any time before the January 15, 2023 maturity date.

 

Finally, there is one clarification; This offering is normally only available to accredited investors, however unaccredited investors can purchase shares with the assistance of a licensed securities professional such as an federally licensed securities broker-dealer.

 

Please feel free to contact us if you would like a copy of our Private Placement Memorandum (PPM) or if you would like an accreditation questionnaire.

 

Very Best Regards,

 

Paul Torgerson, President

(865) 803-1416 paul.torgerson@grantlakecorp.com

 

www.grantlakecorporation.com 

       

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