Greenbriar Capital Corp Sells Its Blockchain Software Realblock
2019年7月11日 - 8:00AM
JCN Newswire
Greenbriar Capital Corp. ("Greenbriar") The Company is pleased
to announce that Greenbriar Capital Corp. (the "Company") has sold
its industry leading blockchain software to Titleloq, LLC.
Titleloq, LLC is a new entity created specifically to own and
operate the blockchain software and is majority owned by Tommy
Sullivan of Arizona.
The consideration is $1,745,422 CDN in cash, shares, plus USD $3
per every opening transaction as a net royalty. The share
consideration comprises the return and cancellation to the treasury
of a total of 786,772 previously issued Greenbriar common shares,
the cancellation of 475,000 previously issued Greenbriar stock
options and the cancellation of 276,812.5 previously issued
Greenbriar share purchase warrants with the remainder paid to
Greenbriar immediately in cash. The USD $3 cash per every single
opening transaction royalty will be paid in quarterly installments
and could convert to 10% of the net proceeds if the software and
any modification and or improvement thereof is sold to a fully arms
length party. As per the investor conference call of December 2018,
if the software app reaches its first goal of 60,000 transactions
per month, the net royalty payable to Greenbriar will be USD
$180,000 per month. Meanwhile, our shares outstanding will now
reduce to 19.5 million.
Greenbriar is consistently delivering to shareholders on being a
robust incubator and creator of new stand alone projects and
technologies. In October of 2018, Greenbriar received 10.7 Million
common shares of Captiva Verde Land Corp, which the company expects
to be constantly increasing in value. The company has begun the
creation of a spin off public company, to dividend to each
shareholder, an equal amount of new shares for the Montalva Solar
Project. Today, the Company sold its Blockchain software and
receives a robust royalty stream in perpetuity or a percentage of
sale proceeds to a large independent enterprise. The Management and
Board of Greenbriar are solely committed to the value creation for
shareholders.
About Greenbriar Capital Corp:
Greenbriar is a leading developer of sustainable real estate, real
estate blockchain, artificial intelligence and renewable energy.
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 accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
949.903.5906
The Toronto Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this release.
Neither the Toronto Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the Toronto
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/46199
Source: Greenbriar Capital Corp.
Copyright 2019 JCN Newswire . All rights reserved.
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