TSX.V Symbol: "GRB"
Issued and Outstanding: 11,423,000
NEWPORT BEACH, CA, Oct. 31, 2013 /CNW/ - Greenbriar Capital Corp.
(TSX.V: GRB) (OTC: GEBRF) is pleased to announce that it has closed
a non-brokered private placement of 111,000 units (the "Units") at
price of $2.70 per Unit. Each
Unit is comprised of one common share and one half of one share
purchase warrant. Each whole warrant entitles the holder to
acquire one additional share in the capital of the Company at a
price of $3.00 for a period of 24
months from the date the Warrants are issued.
In addition, the Company has paid PI Financial
Corp. ("PI") a finder's fee comprised of a cash commission equal to
6% of the proceeds invested by certain investors and 2,220 finder's
warrants (the "Finder's Warrants") entitling PI to acquire up to
2,220 common shares in the capital of the Company at a price of
$3.00 per share for a period of 24
months from the date that the Finder's Warrants are issued.
The Warrants and Finder's Warrants will not be
listed for trading and any common shares issued upon the exercise
of any Warrants or Finder's Warrants, will be subject to a hold
period expiring at midnight on March 2,
2014.
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.
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.