TSX.V Symbol: "GRB"
Issued and Outstanding: 11,312,000
NEWPORT BEACH, CA,
Oct. 15, 2013 /CNW/ - Greenbriar
Capital Corp. (TSX.V: GRB) (OTC: GEBRF) is pleased to announce that
it has negotiated a non-brokered private placement of 111,000 units
at $2.70 per unit. Each unit
will comprise of one (1) common share and one-half (1/2) share
purchase warrant entitling the holder to purchase one (1)
additional common share for each whole purchase warrant at a price
of $3.00 per share, expiring
October 15, 2015.
The Company will pay PI Financial Corp. a
finder's fee of 6% cash and 6% in finder's warrants, exercisable
into common shares at a price of $3.00 per share, expiring October 15, 2015.
The use of proceeds is for general corporate
purposes and subject to the approval of the TSX Venture
Exchange.
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 value assets directed at
accretive shareholder value.
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. 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 filed with 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.