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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