Greenbank Capital CEO Danny Wettreich Passes Away
Veteran Merchant Banker Danny Wettreich, 67, passed away on September 15, following a recent heart attack.
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Toronto, Ontario (FSCwire) - GreenBank Capital Inc. (CSE: GBC and OTCMKTS: GRNBF and FRA; 2TL) ("GreenBank or the Company") announces with great sadness that Danny Wettreich, Founder, Chairman and Chief Executive Officer of GreenBank Capital, died on Saturday 15th September in Dallas, Texas, due to unexpectedly severe complications from a recent heart attack.
Mark Wettreich has been elected as the Chairman of the Board and David Lonsdale will act as the interim CEO, supported by the remaining members of the board. David Lonsdale is a seasoned executive having built four technology companies including selling one of them to Microsoft.
“Danny Wettreich was a visionary banker and an entrepreneur at heart. He was an amazing human being with boundless energy, unmatched work ethic and an exceptional talent for creating possibilities.
With GreenBank, he identified a compelling business model and a repeatable strategy that has already borne fruit. He leaves behind a company with a strong foundation, a template for success, and a clear roadmap for us to execute on. We look forward to doing just that as we continue to build value for GreenBank shareholders" Chairman of the Board Mark Wettreich said.
Last week GreenBank Capital took public its first portfolio company, Ubique Minerals (CSE:UBQ) and has commenced its 2018 drilling program. The GreenBank Capital board and the management teams of the 16 portfolio companies continue to execute on our business model.
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL), and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank’s portfolio companies comprise equity investments in 16 small cap businesses, namely; 52% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain, and developers of Xbook a user permissioned and revenue sharing social media platform; 15% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 50% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada; 100% of Medik Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of Cannabis Blockchain Inc, developers of a digital information management system for the cannabis industry; 19% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi; 100% of North America Veterans Insurance Services Inc, an insurance agency holding company; 19% of Inside Bay Street Corporation, a financial news communications company; 10% of Gander Exploration Inc, a minerals exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 15% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 100% of Expatriate Assistance Services Inc, providing relocation services to expatriates; 14% of Slabdeck Technology Inc, developers of a search mobile application; 12% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process; and 18.25% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank’s investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Source: GreenBank Capital Inc. (CSE:GBC, OTC Pink:GRNBF, FWB:2TL)
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