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,
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
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.
Jeff Ciachurski, Chief Executive Officer Greenbriar Capital Corp. Phone:
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CO: Greenbriar Capital Corp.
ST: British Columbia
-0- Jan/28/2014 14:52 GMT
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