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Greenbriar Announces Closing of Non-Brokered Private Placement and Completion of Shares for Debt Transaction
Scottsdale, Arizona--(Newsfile Corp. - March 13, 2026) - Greenbriar Sustainable Living Inc. (TSXV...
About this update from Greenbriar Sustainable Living Inc
[{"type":"text","content":"Greenbriar Announces Closing of Non-Brokered Private Placement and Completion of Shares for Debt TransactionScottsdale, Arizona--(Newsfile Corp. - March 13, 2026) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) (\"Greenbriar\" or the \"Company\") is pleased to announce that it has closed the non-brokered private placement (the \"Private Placement\") previously announced in its News Release dated March 9, 2026. The Private Placement comprises a total of 625,000 units (each, a \"Unit\") at CAD $0.40 per Unit for gross proceeds of CAD $250,000. Each Unit consists of one common share in the capital of the Company (each, a \"Share\") and one common share purchase warrant (each, a \"Warrant\") exercisable into one additional Share at a price of $0.50 per Share until March 13, 2029.No commissions or finder fees were payable in connection with the Private Placement. The proceeds from the Private Placement will be used for general working capital. The securities issued under the Private Placement are subject to a four month hold period that expires on July 14, 2026. Closing of the Private Placement is subject to final approval of the TSX Venture Exchange.Shares for Debt Settlement Greenbriar announces that further to its news release of February 25, 2026, the Company has closed the previously announced debt settlement agreement (the \"Debt Settlement\") with Captiva Verde Wellness Corp. (\"Captiva\").Pursuant to the Debt Settlement, Greenbriar is settling $625,000 of debt (the \"Indebtedness\") owed by Greenbriar to Captiva by issuing Captiva 1,250,000 common shares of Greenbriar at a deemed price of $0.50 per common share.Details of the IndebtednessPursuant to an agreement entered into during the year-ended December 31, 2023, Greenbriar's wholly-owned subsidiary, Greenbriar Capital (U.S.) LLC (\"Greenbriar USA\"), is required to pay Captiva $5,591,588 in 48 equal installments of $116,491 beginning July 1, 2024, and ending on June 1, 2028. Greenbriar assumed $625,000 of this debt from Greenbriar USA.The Debt Settlement represents a non-arm's length transaction as the Chief Executive Officer of the Company, Jeffrey Ciachurski, is also a director of Captiva, the Chief Financial Officer of the Company, Anthony Balic, is also the Chief Financial Officer of Captiva, Brian Conlan, a director of the Company, is the Chief Exec...