Court Ordered Damage Expert Values Montalva at US $178.2 Milion
January 10, 2017
January 10, 2017 ‑ Vancouver, British Columbia. Greenbriar Capital Corp. (the “Company” or “Greenbriar”) is pleased to announce the results of a Court ordered damage report prepared by Dr. Leonardo Giacchino, Adjunct Professor of Law at the Washington College of Law, American University.
Using the Discounted Cash Flow (“DCF”) method, Greenbriar had foregone a profit between $119.0 million and $247.0 million in July 1, 2017 dollars. The most likely value within that range of profits is of $198.1 million in July 1, 2017 dollars.
In the case of the Comparables method, a MW is valued between $806,852 and $2,367,250, which places the 100 MWs at between $80.4 million and $236.0 million in July 1, 2017 dollars, with a midpoint of $158.2 million.
The range of damages calculated with the DCF method overlaps with the range of values of the Comparables method. Combining both methods and keeping the overlapped values, as shown in Table 1, the first part of damages range between $119 million and $236 million, with a most likely value of $178.2 million giving each method equal weights.
Table 1: Summary of Damages to Greenbriar
Item Values in July 1, 2017 Dollars Lower Bound Most Likely Upper Bound Montalva Damages DCF (a) 118,970,052 198,132,337 247,005,316 Comparables (b) 80,426,983 158,197,222 235,967,461 Overlap (c) 118,970,052 178,164,779 235,967,461
Greenbriar is pleased with this court ordered report. We look forward to a successful conclusion for our shareholders, either by way of a final court order, or a bilateral settlement by the new administration to honor our binding US $1.9 billion contract. The full report is available at www.greenbriarcapital.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 sales agreements in key project locations and led by a successful industry‑recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
For further information please contact:
Jeff Ciachurski, CEO
Greenbriar Capital Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
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