Business
Greenbriar Capital Corp $6 million private placement
NEWPORT BEACH, CA , Dec. 12, 2013 /CNW/ - Greenbriar Capital Corp. (TSX.V: GRB) (OTC: GE...
About this update from Greenbriar Sustainable Living Inc
[{"type":"text","content":"\n\n\nNEWPORT BEACH, CA, Dec. 12, 2013 /CNW/ - Greenbriar Capital Corp.\n (TSX.V: GRB) (OTC: GEBRF) is pleased to announce that it has initiated\n a non-brokered private placement of 2,500,000 units (the \"Units\") at a\n price of $2.50 per Unit.  Each Unit is comprised of one common share\n and one half of one share purchase warrant.  Each whole warrant\n entitles the holder to acquire one additional common share in the\n capital of the Company at a price of $3.00 per whole warrant for a\n period of 24 months from the date the Warrants are issued.\n\n\nIn addition, the Company may pay a finder's fee comprised of a cash\n commission equal to 6% of the proceeds invested by certain investors\n and 6% finder's warrants (the \"Finder's Warrants\") entitling the finder\n to acquire common shares in the capital of the Company at a price of\n $3.00 per share for a period of 24 months from the date that the\n Finder's Warrants are issued. The Warrants and Finder's Warrants will\n not be listed for trading. The placement will occur in tranches of\n between $250,000 to $2,000,000.\n\n\nUse of the funds will be to complete all of the remaining development\n milestones needed for financial close for both the 80 MW Blue Mountain\n Utah wind energy facility and the 100 MW Puerto Rico solar facility,\n new accretive power acquisitions, acquire additional land holdings and\n repayment to Alterra Power Corp. of the $1,250,000 PPA acquisition\n facility of which $250,000 has already been repaid.\n\n\nAbout Greenbriar Capital Corp.\n\n\nGreenbriar Capital Corp. is a leading developer of renewable energy and\n sustainable real estate projects.  With long-term, high impact,\n contracted sales agreements in key project locations and led by a\n successful industry recognized operating and development team,\n Greenbriar targets deep value assets directed at adding significant\n accretive shareholder value.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n\"SIGNED\"\n\n\nJeffrey J. Ciachurski\nPresident, Chief Executive Officer and Director\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nCertain statements in this press release constitute \"forward-looking\n statements\...