Gstaad Capital : Announces Closing of Private Placement

Vancouver - Gstaad Capital Corp. (TSXV-NEX: GTD.H) (the 'Company') is pleased to announce the closing of its previously announced private placement for gross proceeds of $500,000.

These funds were raised by the Company issuing 5,000,000 common shares at a price of $0.10 per share (the 'Private Placement'). The proceeds will be used for general working capital in pursuit of a Qualifying Transaction. In connection with the Private Placement, the Company issued 325,000 finder's shares. All shares and finder's shares are subject to a hold period under applicable Canadian securities laws expiring on January 14, 2022

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Paul Larkin

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