Greenbriar Closes Another Tranche of Financing
November 24, 2015
Greenbriar Capital Corp Closes Another Tranche of Financing to total 609,000 Units at $1.50 per Unit
November 24, 2015 Vancouver, British Columbia. Greenbriar Capital Corp. (the “Company”) is pleased to announce that it has closed a portion of the private placement that was announced on November 2, 2015. The Company has issued 404,000 units (the “Units”) at a price of $1.50 per unit for gross proceeds of $606,000. Each Unit is comprised of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share in the capital of the Company at a price of $1.75 until November 20, 2020. CV Brokerage was paid 50,000 common shares of the Company as a finders’ fee in connection with the financing. The common shares comprising the Units and any shares issued upon the exercise of any Warrants are subject to a hold period expiring at midnight on March 25, 2016. 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release constitute “forwardlooking statements” under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may
cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as “expects”, “anticipates”, “intends”,
“projects”, “plans”, “will”, “believes”, “seeks”, “estimates”, “should”, “may”, “could”, and variations of such words and similar expressions are intended to identify such forwardlooking statements.
Such statements in this news release include, but are not limited to, the Company’s discussion concerning the Offer. These statements are based on management’s current expectations and
beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forwardlooking statements to differ
materially from any future results expressed or implied by such statements. Such factors include, but are not limited to, the state of the Company’s business activities and various factors discussed in the Company’s annual report and annual information contained in the Company’s Annual Report filed with the British Columbia Securities Commission and securities regulators in Canada. Forwardlooking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.
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