TSX.V Symbol: "GRB"
Issued and Outstanding: 11,312,000
NEWPORT BEACH, CA, Oct. 30, 2013 /PRNewswire/ - 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
transmission infrastructure.
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
resource development.
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 value.
ON BEHALF OF THE BOARD OF DIRECTORS
"SIGNED"
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
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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.