Greenbank Launches Private Placement Online on Stockhouse
This news release is not for distribution or dissemination in the United States of America
Toronto, Ontario (FSCwire) - GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that it is undertaking a non-brokered private placement offering using the Stockhouse Deal Room online portal.
The offering is up to 2,000,000 Units at $0.60 per Unit to raise up to $1,200,000. Each Unit comprises of one common share and one 24-month warrant which entitles the holder to acquire one additional common share at $0.90. Should all the Units be subscribed and all the warrants be exercised, then a further $1,800,000 will be raised.
Proceeds of the offering will be used to expand the merchant banking activities of GreenBank by making further investments in its existing portfolio of 7 companies, and by investing in additional new companies, as well as for working capital.
The Stockhouse Deal Room is an online investment platform that enables accredited investors to participate in private placement financings. The GreenBank private placement is available at the Deal Room www.stockhouse.com/dealroom and www.GreenBankCapitalInc.com
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE:GBC and OTCMKTS:GRNBF), and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank’s investment portfolio includes 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 28% of Ubique Minerals Limited, a minerals exploration company with interests in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 14% of Slabdeck Technology Inc, developers of a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication; 15% of Veterans Financial Group LLC, a Ohio, USA based insurance agency providing insurance services to veterans, families and businesses; 15% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain, and 15% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process.
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.
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Source: GreenBank Capital Inc. (CSE:GBC, OTC Pink:GRNBF)
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