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GreenBank Capital (CSE:GBC) Announced a non-brokered Private Placement

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GreenBank Capital, a Canadian Merchant bank listed on the Canadian Securities Exchange, and a component in the CSE Composite Index, announced a non-brokered private placement. The company plans to raise gross proceeds of up to $1.2 million from the issuance of up to 2 million units, priced at $0.60 per unit, with each unit consisting of one share and one full warrant.

Additional Information:

Company: GreenBank Capital
Website: http://www.GreenBankCapitalInc.com
Stock Symbol: CSE: GBC
Date Published: Sep 13, 2017
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

GreenBank Capital, a Canadian Merchant bank listed on the Canadian Securities Exchange, and a component in the CSE Composite Index, announced a non-brokered private placement. The company plans to raise gross proceeds of up to $1.2 million from the issuance of up to 2 million units, priced at $0.60 per unit, with each unit consisting of one share and one full warrant.

The warrants are exercisable at $0.90 for 24 months.

The units are offered through the StockHouse Deal Room, an online investment platform that enables accredited investors to participate in private placement financings.

GreenBank Capital owns 100% of GreenBank Financial Inc., and an investment portfolio comprised of minority positions in a number of small-cap companies.

GreenBank’s investment portfolio includes:
- 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments,
- 28% of Ubique Minerals Limited, a minerals exploration company with interests in Newfoundland, Canada
- 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency,
- 14% of Slabdeck Technology Inc, developers of a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication,
- 15% of Veterans Financial Group LLC, a Ohio, USA based insurance agency providing insurance services to veterans, families and businesses
- 15% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain, and
- 15% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process.

In addition to funding, GreenBank provides its portfolio companies corporate advice and board of directors’ participation with the objective of obtaining them a public listing on the Canadian Securities Exchange and dual listings on stock exchanges in the USA and Europe.

GreenBank Capital is led by Chairman and CEO Danny Wettreich, who brings more than 40 years experience investing in small caps, having started his career doing M&A work for two London, UK merchant banks.

He is a director of a number of private and public companies, and has facilitated 16 reverse takeover transactions.

The shares are trading at $0.90 and with 24.4 million shares outstanding, the company is capitalized at $22 million.

For more information, please visit the company’s website at www.GreenBankCapitalInc.com, or contact Danny Wettreich, Chairman and CEO, at 647-931-9768, or email dw@GreenBankCapitalInc.com.

I’m Megan Edwards for Investmentpitch Media