TSX.V Symbol: "GRB"
Issued and Outstanding: 11,633,000
VANCOUVER, Jan. 28, 2014 /PRNewswire/ - 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
States.
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
"SIGNED"
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 future performance.
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.
