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Toronto, Ontario, March 27, 2021 – GreenBank Capital Inc. (CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL) (“GreenBank” or “the Company”) is pleased to announce that it has successfully completed its previously announced private placement raising a total of $4,454,358.
GreenBank Capital’s private placement was almost fully subscribed, with investments coming from 54 investors. Each investor’s shares are subject to minimum hold requirements of at least four months and a day. There was a strong endorsement from the management team as GreenBank’s Chairman Mark Wettreich, CEO David Lonsdale and CFO Miles Nagamatsu all personally participated in the private placement as well as the Company’s barrister Robert Isles investing more than C$300,000 in aggregate.
Investments came from Canada, the USA, the United Kingdom, Switzerland, and Iceland underscoring the global footprint that the Company is developing.
David Lonsdale, GreenBank CEO said “I am delighted at the results of the private placement and the solid support we have received from investors. In today’s world having a strong capital base is critical. We have been able to achieve an impressive transformation of the Company with minimal deployment of capital thus far; this private placement will help us to accelerate and enhance the company’s growth, delivering the returns we have promised to our investors”.
GreenBank is a next generation merchant banking business that has a flexible low-cost overhead structure designed to maximize profitability. Our management are based in Toronto, Dallas, New York and London and are used to working across borders remotely. Our model of remote working, dynamic space and flexible contracts —rather than expensive offices, full time employees and large fixed costs – establishes GreenBank as a global merchant bank for the future, both during and after COVID19.
GreenBank is listed on the Canadian Securities Exchange, the Frankfurt Boerse and on the OTC Markets in the USA. GreenBank invests in undervalued exponential growth companies focused on building consistent capital appreciation for its shareholders.
For details of our “6 Key Drivers of Value” please see our latest Investor Presentation:
For more information please visit our website www.GreenBankCapitalInc.com or contact
Mark Wettreich at +1 (647) 693 9411 or by email Mark@GreenBankCapitalinc.com