Greenbriar Capital Corp. chosen as TSX Venture Top 50 Company
TSX.V Symbol: "GRB"
Issued and Outstanding: 11,633,000
NEWPORT BEACH, CA, Feb. 18, 2014 /CNW/ - Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) is pleased to announce of its election to the TSX Venture Exchange Top 50 Companies.
The TSX Venture Top 50 is an annual ranking of strong performing companies from five sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas, and Technology & Life Sciences.
"TSX Venture Exchange provides a unique venue for small-cap, early-stage companies to access the capital they need to launch or expand - a market opportunity that is unparalleled globally," said John McCoach, President, TSX Venture Exchange. "We are delighted to recognize the success of these companies."
The TSX Venture Top 50 was selected from the 2,141 companies listed on TSX Venture Exchange as of December 31, 2013.
Greenbriar Capital Corp. placed in the Clean Technology category. This is the 4th time in 5 years, that the Greenbriar Capital Corp. management team and their predecessor company Western Wind Energy Corp., has been elected to the TSX Venture Exchange Top 50.
This is a prestigious honor for Greenbriar Capital Corp to be chosen by the TSX for their Top 50 Venture Exchange lists of companies. More information can be found at their website www.tmx.com.
In support of the previously announced $6 million CDN Private Placement, Greenbriar has increased the offering to $7 Million USD and engaged Jacob Securities Inc., (Jacob) and Drexel Hamilton (Drexel) to supplement the initiative. In preparation for their marketing efforts, both Jacob and Drexel have reviewed our 80 MW Blue Mountain and 100 MW Montalva project data rooms and prepared a summary information sheet for accredited investors. The summary information sheet contains detailed project pro forma results assisted by our lenders and tax advisors. To prevent selective disclosure, the information sheet provides the combined projects return on sponsor equity of 38.26% when and if both projects are completed. This return threshold can vary if there are changes to equipment prices, interest rates, tax rates, construction costs, market conditions and completion dates. Capital expenditures for Blue Mountain and Montalva are $141 Million and $320 Million respectively, and financed at the project level by debt and tax equity. The marketing effort will commence the week of Feb. 18, 2014. A portion of the private placement has been either closed or paid as of today's date.
CEO Jeff Ciachurski commented "I am very delighted we are elected again to the TSX Venture Exchange Top 50. This acknowledgement of our focus, drive and hard work to bring value to all of our shareholders, serves as a notable indicator to the broader venture capital marketplace. We delivered great value to the Western Wind Shareholders and we strive to do the same for Greenbriar Capital Corp."
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 valued assets directed at adding significant 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, Chief Executive Officer
Greenbriar Capital Corp.