Gunpowder Capital Corp., Expands Cryptocurrency Operations

Toronto, Ontario–(Newsfile Corp. – July 11, 2019) – Gunpowder Capital Corp., (CSE: GPC)  (CSE: GPC.PR.A) (OTCQB: GNPWF), (FSE: YS6N), (“Gunpowder” or the “Corporation”) announced today that the Cryptocurrency Mining operations of MethodeVerte Inc., (“MethodeVerte”) the Corporation’s fully owned Cryptocurrency Mining subsidiary have entered into a facility agreement that will allow MethodeVerte to expand from its currently deployed initial cluster of mining rigs up to 1000 Mining Rigs. The Corporation is targeting having 500 Cryptocurrency Mining Rigs in place and mining within 30-60 days. With this new facility arrangement and agreement MethodeVerte benefits from better overall operating costs compared to the current agreement.

As previously stated in the Corporation’s May 22^nd, 2019 press release, the Corporation plans on developing MethodeVerte into leading-edge Cryptocurrency Technology Company, that focuses on both the mining of Cryptocurrencies and on the development of next…