TSX.V Symbol: "GRB"
Issued and Outstanding: 11,312,000
NEWPORT BEACH, CA, Oct. 30, 2013 /CNW/ - Greenbriar Capital Corp.
(TSX.V: GRB) (OTC: GEBRF) is pleased to announce that it has appointed
both a new Chairman and President.
The Company has appointed Mr. Daniel Kunz, P.Eng, MBA, as Chairman of
the Board of the Company. Mr. Daniel Kunz, of Boise, Idaho, is a
renewable energy expert and a successful geothermal power plant
developer. Mr. Kunz created and led the team that built the first
commercial geothermal electrical power plant in the Pacific Northwest.
Governor C.L. "Butch" Otter recently appointed Mr. Kunz to the board of
the Idaho Energy Resource Authority to help diversify and expand the
state's economy through improvements in electric generation and
Mr. Kunz is a skilled leader who forged project finance arrangements
resulting in the first geothermal energy power project to monetize the
Federal Production Tax Credit. Mr. Kunz directed and participated in
negotiations of power purchase agreements; EPC contracts; construction,
project finance and long term loan documents; equity and tax equity
arrangements; and transmission, insurance and security agreements. He
is a recognized and successful company builder who helped transform
individuals with little relevant experience into qualified participants
in the companies. His commitment to success is demonstrated by his
tireless efforts to lead, market, finance the company and set high
standards through policies and his personal work ethic. He is
committed to good corporate governance including Sarbanes Oxley,
International Financial Reporting Standards, and GAAP requirements and
has 20 years experience as CEO, President and Director of large public
companies listed on major exchanges in the US, Canada, London and Hong
Kong. Mr. Kunz served as President and a Director of Ivanhoe Mines
Ltd. from 1999-2003.
Mr. Kunz is the Founder of U.S. Geothermal Inc. (HTM:NYSE Mkt), a
successful renewable energy company, and recently retired as its
President, CEO and Director to pursue new opportunities. Mr. Kunz
holds a Masters of Business Administration and a Bachelor of Science in
Engineering Science. In 1995 Mr. Kunz was named its Distinguished
Alumni from the University on Montana Tech where he is currently a
member of the advisory board for the Engineering Department. He was a
member of the Global Roundtable on Climate Change and the Clinton
Global Initiative - Energy Track. Mr. Kunz currently chairs the Idaho
Strategic Energy Alliance's Geothermal Task Force and serves on the
board of directors of several public companies involved in natural
The Company appoints Mr. Cliff Webb, P.Eng, to the role of President of
the Company. Mr. Webb is a seasoned executive and engineering
management professional with over 45 years of professional engineering
experience and over 35 years of experience in utility-scale renewable
energy. Mr. Webb has held executive positions at various renewable
energy companies engaged in solar, wind, biomass, cogeneration and
geothermal energy. Mr. Webb pioneered utility-scale solar generation as
Executive Vice President of Luz Development and Finance where Mr. Webb
was directly responsible for the development, permitting and
construction oversight of the Luz SEGS units which until recently was
the world's largest combined solar generating facility with over 300 MW
of installed capacity. In addition, Mr. Webb has extensive utility
experience both with Southern California Edison Company where he
developed and managed its renewable energy procurement program and as a
project developer negotiating utility power purchase and transmission
interconnection agreements. Mr. Webb is also a former Division Chief of
the Engineering and Environmental Sitting Division of the California
Energy Commission and was a nuclear advisor to Governor Jerry Brown
including working directly with the Governor and representing the State
of California at hearings before the Nuclear Regulatory Commission. Mr.
Webb has a Bachelor of Science degree in Mechanical Engineering from
University of California at Berkeley, various graduate studies in
engineering at the University of Houston and Colorado State University
and is a Registered Professional Engineer.
The Company will grant 250,000 stock options at a price $2.50 per share
with a term of 5 years.
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
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.