TSX.V Symbol: "GRB"
Issued and Outstanding: 11,633,000
NEWPORT BEACH, CA, Feb. 18, 2014 /CNW/ - Greenbriar Capital Corp.
(TSXV: GRB) (OTC: GEBRF) is pleased to announce of its election to
the TSX Venture Exchange Top 50 Companies.
The TSX Venture Top 50 is an annual ranking of
strong performing companies from five sectors: Clean Technology,
Diversified Industries, Mining, Oil & Gas, and Technology &
Life Sciences.
"TSX Venture Exchange provides a unique venue
for small-cap, early-stage companies to access the capital they
need to launch or expand - a market opportunity that is
unparalleled globally," said John
McCoach, President, TSX Venture Exchange. "We are delighted
to recognize the success of these companies."
The TSX Venture Top 50 was selected from the
2,141 companies listed on TSX Venture Exchange as of December 31, 2013.
Greenbriar Capital Corp. placed in the Clean
Technology category. This is the 4th time in 5
years, that the Greenbriar Capital Corp. management team and their
predecessor company Western Wind Energy Corp., has been elected to
the TSX Venture Exchange Top 50.
This is a prestigious honor for Greenbriar
Capital Corp to be chosen by the TSX for their Top 50 Venture
Exchange lists of companies. More information can be found at
their website www.tmx.com.
In support of the previously announced
$6 million CDN Private Placement,
Greenbriar has increased the offering to $7
Million USD and engaged Jacob Securities Inc., (Jacob) and
Drexel Hamilton (Drexel) to
supplement the initiative. In preparation for their marketing
efforts, both Jacob and Drexel have reviewed our 80 MW Blue
Mountain and 100 MW Montalva project data rooms and prepared a
summary information sheet for accredited investors. The
summary information sheet contains detailed project pro forma
results assisted by our lenders and tax advisors. To prevent
selective disclosure, the information sheet provides the combined
projects return on sponsor equity of 38.26% when and if both
projects are completed. This return threshold can vary if there are
changes to equipment prices, interest rates, tax rates,
construction costs, market conditions and completion dates. Capital
expenditures for Blue Mountain and
Montalva are $141 Million and
$320 Million respectively, and
financed at the project level by debt and tax equity. The marketing
effort will commence the week of Feb. 18,
2014. A portion of the private placement has been either
closed or paid as of today's date.
CEO Jeff
Ciachurski commented "I am very delighted we are elected
again to the TSX Venture Exchange Top 50. This acknowledgement of
our focus, drive and hard work to bring value to all of our
shareholders, serves as a notable indicator to the broader venture
capital marketplace. We delivered great value to the Western Wind
Shareholders and we strive to do the same for Greenbriar Capital
Corp."
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 valued
assets directed at adding significant 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.