TSX.V Symbol: "GRB"
Issued and Outstanding: 11,633,000
VANCOUVER, Jan. 28, 2014 /CNW/ - Greenbriar Capital Corp. (the
"Company") is pleased to announce that it has closed a portion of the
non-brokered private placement that was announced on December 12,
2013. The Company has issued 210,000 units (the "Units") at price of
$2.50 per Unit for gross proceeds of $525,000. Each Unit is comprised
of one common share and one half of one share purchase warrant. Each
whole warrant entitles the holder to acquire one additional share in
the capital of the Company at a price of $3.00 for a period of 24
months from the date the Warrants are issued.
The common shares comprising the Units and any shares issued upon the
exercise of any Warrants will, with respect to 80,000 of the Units, be
subject to a hold period expiring at midnight on April 16, 2014. A
total of 20,000 Units will be subject to a hold period expiring at
midnight on May 16, 2014 and 110,000 Units will be subject to a hold
period expiring at midnight on May 21, 2014.
The Company has extended the private placement offering until
February 28, 2014. All terms and conditions of the private placement
remain the same.
The securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "1933 Act"), or under any state
securities laws, and may not be offered or sold, directly or
indirectly, or delivered within the United States or to, or for the
account or benefit of, U.S. persons (as defined in Regulation S under
the 1933 Act) absent registration or an applicable exemption from the
registration requirements. This news release does not constitute an
offer to sell or a solicitation to buy such securities in the United
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 adding significant
accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this release. Neither
the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements. All
statements, other than statements of historical fact, constitute
"forward-looking statements" and include any information that addresses
activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future including the Company's
strategy, plans or future financial or operating performance and other
statements that express management's expectations or estimates of
Forward-looking statements are generally identifiable by the use of the
words "may", "will", "should", "continue", "expect", "anticipate",
"estimate", "believe", "intend", "plan" or "project" or the negative of
these words or other variations on these words or comparable
terminology. These statements, however, are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed, implied by or
projected in the forward-looking information or statements. Important
factors that could cause actual results to differ from these
forward-looking statements include but are not limited to: risks
related to the development and potential development of the Company's
projects, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, the availability of tax
incentives in connection with the development of renewable energy
projects and the sale of electrical energy, as well as those factors
discussed in the sections relating to risk factors discussed in the
Company's continuous disclosure filings on SEDAR.
There can be no assurance that any forward-looking statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, the
reader should not place any undue reliance on forward-looking
information or statements. Except as required by law, the Company does
not intend to revise or update these forward-looking statements after
the date of this document or to revise them to reflect the occurrence
of future unanticipated events.
SOURCE: Greenbriar Capital Corp.
For further information:
Jeff Ciachurski, Chief Executive Officer
Greenbriar Capital Corp.