Greenbriar Capital Corp. and Alterra Power Corp. Announce Securities for Debt Settlement

Greenbriar Capital Corp. and Alterra Power Corp. Announce Securities for Debt 
TSX-V symbol: GRB 
VANCOUVER, Aug. 13, 2014 /CNW/ - Greenbriar Capital Corp. (TSX-V: GRB) 
("Greenbriar") and Alterra Power Corp. (TSX: AXY) ("Alterra") announced today 
that they have reached an agreement respecting completion of the previously 
announced acquisition by Greenbriar of Alterra's joint venture interests in AG 
Solar One, LLC ("AG One").  The Parties were indirect joint venturers in AG 
One which is in the process of developing a potential 100 MW solar 
photovoltaic electric generating facility in Puerto Rico. The parties agreed 
in July 2013 (as amended in October 2013) that Greenbriar would acquire 
Alterra's interest in AG One by payment of US$1,250,000, of which US$250,000 
has been paid in cash.  The securities are being issued to settle the 
remaining US$1,000,000 (approximately CDN$1,094,400) owed to Alterra by 
Greenbriar's wholly owned subsidiary, Greenbriar Capital Holdco Inc. 
As a result of the agreement, Greenbriar will issue to Alterra 684,000 units, 
each unit comprising one share and one non-transferable share purchase 
warrant, at a deemed price of US$1.46 (CDN$1.60) per unit.  Each warrant will 
entitle Alterra to purchase one common share of Greenbriar at a price of 
CDN$2.00 per share for a period of 5 years from the date of issuance. The 
securities issued in connection with the transaction will be issued pursuant 
to certain prospectus and registration exemptions available under applicable 
securities legislation and will be subject to a hold period of four months and 
a day from the date of issuance. 
Jeffrey J. Ciachurski, CEO of Greenbriar, commented that "Greenbriar is very 
pleased to be able to complete the acquisition of AG One and is delighted that 
Alterra has elected to assume an equity interest in Greenbriar.  The 
settlement of this outstanding amount should allow us to improve our balance 
sheet and to assist us moving forward with project financing for, among other 
things, continuing development of the AG One assets." 
The completion of the Debt Settlement is subject to the receipt of all 
necessary regulatory approvals, including the approval of the TSX Venture 
The conversion of Canadian dollars to U.S. dollars used in this press release 
is based on the Bank of Canada noon rate on August 12, 2014 of 
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. 
About Alterra Power Corp. 
Alterra Power Corp. is a leading global renewable energy company, operating 
six power plants totaling 568 MW of generation capacity, including British 
Columbia's largest run-of-river hydro facility and largest wind farm, two 
geothermal facilities in Iceland, and a geothermal plant in Nevada.  Alterra 
owns a 262 MW share of this capacity, generating approximately 1,300 GWh of 
clean power annually.  Alterra has an extensive portfolio of exploration and 
development projects and a skilled international team of developers, 
explorers, builders and operators to support its growth plans. 
The company trades on the Toronto Stock Exchange under the symbol AXY and OTC 
in the United States as MGMXF. 
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. 
Cautionary Note Regarding Forward-Looking Information of Greenbriar 
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: 
949.903.5906, Email:; Peter Lekich, 
Corporate Communications, Alterra Power Corp., Phone: 604.235.6719, Email: 
To view this news release in HTML formatting, please use the following URL: 
CO: Greenbriar Capital Corp.
ST: British Columbia
-0- Aug/13/2014 22:59 GMT
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