Greenbriar Capital Corp. - Private placement
TSX.V Symbol: "GRB"
Issued and Outstanding: 11,312,000
NEWPORT BEACH, CA, Oct. 15, 2013 /CNW/ - Greenbriar Capital Corp. (TSX.V: GRB) (OTC: GEBRF) is pleased to announce that it has negotiated a non-brokered private placement of 111,000 units at $2.70 per unit. Each unit will comprise of one (1) common share and one-half (1/2) share purchase warrant entitling the holder to purchase one (1) additional common share for each whole purchase warrant at a price of $3.00 per share, expiring October 15, 2015.
The Company will pay PI Financial Corp. a finder's fee of 6% cash and 6% in finder's warrants, exercisable into common shares at a price of $3.00 per share, expiring October 15, 2015.
The use of proceeds is for general corporate purposes and subject to the approval of the TSX Venture Exchange.
About Greenbriar Capital Corp.
Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects. With long-term, high impact, contracted sales agreements in key project locations and led by a successful industry recognized operating and development team, Greenbriar targets deep value assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release constitute "forward-looking statements" under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Such factors include, but are not limited to the state of the Company's business activities and various factors discussed in the Company's annual report filed with securities regulators in Canada. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.
SOURCE Greenbriar Capital Corp.For further information:
Jeff Ciachurski, CEO
Greenbriar Capital Corp.