Toronto, Ontario, June 1, 2015 – GreenBank Capital Inc. (CSE: GBC) (“GreenBank” or “the Company”) announces that, effective July 1, 2015, David M. Lonsdale will be appointed a director of the Company.
Mr. Lonsdale is President and CEO of The Lonsdale Group, a Dallas-based private investor in small cap companies. Previously he was for ten years the President of Allegiance Capital Corporation, a private investment bank focusing on mergers and acquisitions, with offices in Dallas, New York, and Chicago. Mr. Lonsdale has successfully built and sold three venturefunded information technology companies, including selling one of them to Microsoft. Earlier in his career he managed corporate divisions of McDonnell Douglas/Boeing and Dun & Bradstreet/A C Nielsen. He obtained his MBA in Finance & Marketing from Cornell University and his B.Sc. in Physics & Mathematics from Leeds Beckett University in the U.K.
“We are very fortunate to have David Lonsdale join our board. His investment banking, corporate and entrepreneurial experience will undoubtedly strengthen our merchant banking activities.” said Danny Wettreich, CEO of GreenBank.
“I am particularly excited about GreenBank’s investment in GreenCoinX, which in my opinion is a revolutionary crypto currency, and I look forward to contributing my investment banking expertise to GreenBank.” said David Lonsdale.
GreenBank intends to complete a non-brokered private placement (the “Private Placement”) with David Lonsdale of 600,000 units (each a “Unit”) of GreenBank at a price of $0.20 per Unit, for proceeds of $120,000. Each Unit consists of one common share in the capital of GreenBank and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share in the capital of Greenbank at an exercise price of $0.20, for 24 months after closing. The securities will be issued pursuant to appropriate exemptions under the United States Securities Act of 1933, as amended, and will be subject to a hold period
in Canada of four months and a day. The proceeds of the Private Placement will be used for working capital purposes.
GreenBank is a corporate finance investment business investing in Canadian small cap companies. Its 100% subsidiary GreenBank Financial Inc. is an investment bank focusing on small cap companies. Its 80% subsidiary GreenCoinX Inc. is a software company that has developed a unique identifiable crypto currency. GreenBank owns significant equity stakes in Leo Resources Inc (CSE:LEO), Hadley Mining Inc (CSE:HM) and Zara Resources Inc (CSE:ZRI).
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., raising additional capital and the future development of of GreenCoinX. 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