Toronto, Ontario, November 5, 2013 – GreenBank Capital Inc. (CNSX: GBC) (“GreenBank” or “the Company”) announces that its directors have approved a share consolidation of its common shares on the basis of one (1) “new” common share for five (5) “old” common shares to be effective November 15, 2013.
GreenBank anticipates that effective November 13, 2013, the common shares of GreenBank will commence trading on the CNSX on a consolidated basis under the same stock symbol “GBC”. Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation and any fraction will be rounded to the nearest whole number.
Following consolidation and subject to rounding, GreenBank will have 5,142,460 common shares issued and outstanding. All outstanding options and warrants will be adjusted to reflect the consolidation ratio, with their respective prices being multiplied by five.
GreenBank is a corporate finance investment business focusing on investing in Canadian small cap publicly listed companies. GreenBank facilitates listing private companies on the CNSX, arranges mergers and acquisitions, and invests equity in the transactions as appropriate.
For more information please see www.GreenBankCapitalinc.com or contact Danny Wettreich at (647) 931 9768 or dw@GreenBankCapitalinc.com.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CNSX has not reviewed, approved or disapproved the content of this press release.