Greenbriar Capital Retains Rabobank To Arrange Project Financing for the Blue
Mountain, Utah Wind Project
TSX.V Symbol: "GRB"
Issued and Outstanding: 11,259,500
NEWPORT BEACH, CA, Aug. 27, 2013 /CNW/ - Greenbriar Capital Corp. (TSXV: GRB)
(OTC: GEBRF) is pleased to announce that Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A., "Rabobank Nederland," New York Branch
("Rabobank") has been mandated to arrange project financing for the
construction of the 80 MW Blue Mountain Wind Project located in Utah.
Financial Close for this loan will be subject to the usual and customary due
diligence for a wind project as well as lender approvals.
Greenbriar Capital Corp. has also engaged Rabo Securities USA, Inc., a U.S.
registered broker-dealer and affiliate of Rabobank, as its exclusive financial
advisor in connection with the placement of limited partnership interests in
the 80 MW Blue Mountain Utah wind project.
Rabobank Group is a global financial services leader providing wholesale and
retail banking, leasing, real estate services, and renewable energy project
financing to clients around the world. Founded over a century ago, Rabobank is
one of the largest and safest banks in the world, with nearly $1 trillion in
assets and operations in more than 40 countries, and ranks among the world's
ten safest banks (Global Finance magazine.) Internationally, Rabobank is a
premier bank to the food, beverage and agribusiness industry, as well as a
leading financial partner in the renewable energy and project finance area,
offering non- and limited recourse financing to solar, onshore and offshore
wind, and bioenergy projects. www.Rabobank.com
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
renewable energy 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
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
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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
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similar expressions are intended to identify such forward-looking
statements. Such statements in this news release include, but are not
limited to, the Company's discussion concerning the Offer. 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 and annual information contained in the Company's 20F
Annual Report filed with the United States Securities and Exchange Commission
and 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.
Jeff Ciachurski, CEO Greenbriar Capital Corp. Phone: 949.903.5906
SOURCE: Greenbriar Capital Corp.
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-0- Aug/27/2013 17:05 GMT
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