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

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The company is looking to raise gross proceeds of up to $4.5 million from the placement of up to 10 million units priced at $0.45 per unit. The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.50 for 36 months.

Additional Information:

Company: GreenBank Capital
Website: http://www.GreenBankCapitalInc.com
Stock Symbol: CSE: GBC
Date Published: Nov 3, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

GreenBank Capital has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $4.5 million from the placement of up to 10 million units priced at $0.45 per unit.

The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.50 for 36 months.

The shares are trading at $0.38.

GreenBank's 100% subsidiary GreenBank Financial Inc. operates as a merchant bank.

GreenBank provides an extensive range of merchant banking services including but not limited to: Public Listings, Pre-IPO Funding, Private Equity, Mergers and Acquisitions, Reverse Mergers, Business Incubating, and Corporate Restructuring.

GreenBank identifies companies with the capacity for rapid growth with a strong management team, that can be scaled and prepared for a public listing over a period of 6 to 24 months.

GreenBank's current portfolio consists of equity investments in the following 11 small cap businesses.

59.5% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi
52.5% of Blockchain Evolution Inc, owners of the world's first identification based blockchain
47.5% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada
34.8% of Gander Exploration Inc, a minerals exploration company
25.2% of Buchans Wileys Exploration Inc, a mineral exploration company
22.3% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada
19% of Staminier Limited, a United Kingdom Merchant Banking firm
19% of Inside Bay Street Corporation, a financial news communications company
10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency
10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments
8.3% of Minfocus Exploration Corp, a mineral exploration company.

GBC Grand Exploration, which is 47.5% owned by GreenBank, recently sold its principal property, Twilite Gold Property in Newfoundland, to TSX Venture listed company Trius Investments (TSXV:TRU).

This drill-ready project is located about 30 kilometres from the Sokoman Minerals Moosehead Gold Project.

GBC Grand Exploration will receive 1,435,000 shares of Trius at a deemed price of $0.25 per share, $100,000 cash, and retain a 1% NSR on future mineral production.

Mark Wettreich, Chairman, stated: "GreenBank is pleased to have helped facilitate a transaction that directly benefits both GreenBank as well as one of the companies featured in our growing investment portfolio. The Definitive Agreement between GBC Grand Exploration and Trius Precious Metals Corp. acts as further evidence of the value that GreenBank can bring to the companies with whom we partner."

For more information, please visit the company’s website at www.GreenBankCapitalInc.com, or contact Mark Wettreich, Chairman, at 647-693-9411, or email mark@GreenBankCapitalInc.com.

I’m Megan Edwards for Investmentpitch Media