Toronto, Ontario, May 28, 2014 – GreenBank Capital Inc (CSE: GBC) (“GreenBank”) announces that it will apply for an Exempt Market Dealer License so that it can commence investment banking transactions. The license application will be made to the Ontario Securities Commission and there is no assurance that such a license will be granted.
“Becoming a registered exempt market securities dealer will enable GreenBank to be a dealer or underwriter for any securities which are prospectus exempt, and to be a dealer for any securities provided they are sold to clients who qualify for the purchase of exempt securities.“ said Danny Wettreich, CEO of GreenBank.
In furtherance of the license application, Paul Cullingham, currently an independent director of GreenBank, has been appointed a Vice President of the Company. Mr. Cullingham has been a licensed investment professional for over 25 years and will be the Chief Compliance Officer for the investment banking activities of GreenBank.
GreenBank is pleased to announce that Ryan Hunter has been appointed an independent director and member of the Audit Committee of the Company. Mr Hunter is a securities and corporate finance attorney with Chitiz Pathak LLP in Toronto. GreenBank has agreed to grant Mr. Hunter 60,000 incentive stock options exercisable at a price of $0.11 per share for 24 months from the date of grant.
GreenBank is a corporate finance investment business investing in the medical marijuana space, bitcoin startups, and Canadian small cap companies. GreenBank’s subsidiary Canada Marijuana Agricorp intends to be a commercial producer of medical marijuana, and GreenBank’s subsidiary Bitcoin Angel Capital is seeking to make investments in early stage Bitcoin and other cryptocurrency companies. GreenBank also owns www.MarijuanaForCanada.ca a web based information source for the Canadian medical marijuana industry. 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 CSE has not reviewed, approved or disapproved the content of this press release.