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Greenbriar Capital Corp
Symbol GRB
Shares Issued 18,749,365
Close 2018-08-10 C$ 1.24
Market Cap C$ 23,249,213
Recent Sedar Documents

Greenbriar Capital renegotiates loan with Webb

2018-08-13 14:06 ET - News Release

Mr. Jeffrey Ciachurski reports

GREENBRIAR CAPITAL CORP RENEGOTIATES LOAN FROM DIRECTOR

Greenbriar Capital Corp. has renegotiated the terms of an outstanding loan comprising certain debt due to Clifford Webb, the company's president, for services rendered to the company. Mr. Webb has agreed to extend the term of the loan until June 15, 2021. In recognition of Mr. Webb's efforts to move the company's Montalva project in Puerto Rico forward to date, as well as a further inducement to ensure Mr. Webb's continued contribution to the advancement of the Montalva project, the company has agreed to grant a bonus of $65,000 to Mr. Webb. Payment of the outstanding loan as at June 15, 2018, and the bonus payable have been included in a new convertible loan for the principal amount of $322,534. Interest on the loan will be 8 per cent per year (compounded semi-annually). The principal and interest of the loan are convertible into units of the company. Each unit comprises one common share and one-half of one warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $1.50 per share until the date which is three years from the date of acceptance by the exchange. The principal will be convertible at $1.25 per unit and the interest will be convertible at a price in accordance with TSX Venture Exchange policies. The proposed transaction is subject to approval of the exchange.

About Greenbriar Capital Corp.

Greenbriar Capital is a leading developer of renewable energy, sustainable real estate, real estate blockchain and smart energy products. With long-term, high-impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar Capital targets deep-valued assets directed at accretive shareholder value.

We seek Safe Harbor.

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