Toronto Venture Exchange: Symbol: GRB
Issued and Outstanding: 10,943,500
VANCOUVER,
March 4, 2013 /CNW/ - (Toronto
Venture Exchange symbol "GRB") Greenbriar Capital Corp. (the
"Company" or "Greenbriar") is pleased to announce that it has
entered into negotiations for a 100-MW solar power purchase
agreement in the Commonwealth of Puerto
Rico.
Greenbriar also wishes to announce that it has
entered into escrow to sell its 650-lot subdivision in the
State of California. Upon
close of the transaction and receipt of proceeds, scheduled for 90
days, Greenbriar will have enough funds to finance its ongoing
initiatives to acquire solar properties in Puerto Rico, without having to issue
shares.
Jeff Ciachurski, CEO of Greenbriar states "we
are very pleased to be acquiring projects in Puerto Rico where the production of renewable
energy greatly reduces the island's dependency on foreign
oil. Currently, 74% of the electricity generated in
Puerto Rico comes from the use of
crude oil. This is a win-win situation for both Greenbriar
and the citizens of Puerto
Rico."
ON BEHALF OF THE BOARD OF DIRECTORS
"SIGNED"
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 "forward-looking 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 forward-looking 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 forward-looking 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 20F
Annual Report filed with the United States Securities and Exchange
Commission and securities regulators in Canada. Forward-looking 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.
SOURCE Greenbriar Capital Corp.