GreenBank Capital Grants Incentive Stock Options

Rhea-AI Summary

GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF) announced the granting of 2,900,000 incentive stock options to its directors, officers, and service providers. The stock options are exercisable at $0.45 per share for 36 months, pending approval from the Canadian Securities Exchange (CSE). Currently, GreenBank has 50,065,128 common shares outstanding. The company aims to grow as a global merchant bank with a flexible cost structure, focusing on scalable companies for capital appreciation.

Positive

• Granting of 2,900,000 stock options may incentivize management and align interests with shareholders.
• Stock options are priced at $0.45, potentially increasing management's commitment to share price growth.

Negative

• The approval from the CSE is still pending, which introduces uncertainty regarding the stock options.
• The incentive stock options may lead to share dilution if exercised, affecting existing shareholders.

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TORONTO, ON / ACCESSWIRE / February 22, 2021 / GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) ("GreenBank" or "the Company") reports that the Board of Directors has approved the granting of 2,900,000 incentive stock options to directors, officers, consultants and other service providers under the Company's Stock Option Plan, subject to CSE approval.

All of the stock options are exercisable at a price of $0.45 per share for a term of 36 months from the date of grant.

As of the date hereof, the total number of Greenbank common shares outstanding is 50,065,128.

About GreenBank

GreenBank is a next generation merchant banking business that has a flexible low-cost overhead structure designed to help the business grow exponentially. Our management are based in Toronto, Dallas, New York and London, and are used to remote working across borders. Our model of remote working, dynamic office space and flexible contracts - rather than expensive offices and large fixed costs - establishes GreenBank as a potential 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 (trading symbols CSE: GBC and FRA: 2TL and OTCMKTS: GRNBF). GreenBank seeks to invest in and work with globally-scalable companies and is focused on building consistent capital appreciation for its shareholders.

For details of our "6 Key Drivers of Value" please see our latest Investor Presentation:

https://greenbankcapitalinc.com/wp-content/uploads/2020/11/03.11.20_Greenbank-Deck-compressed.pdf

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

SOURCE: GreenBank Capital Inc.

View source version on accesswire.com:
https://www.accesswire.com/631184/GreenBank-Capital-Grants-Incentive-Stock-Options

FAQ

What are the details of the stock options granted by GreenBank Capital?

GreenBank Capital granted 2,900,000 stock options at $0.45 per share for a term of 36 months, pending CSE approval.

What is the current number of outstanding shares for GreenBank Capital (GRNBF)?

As of the latest update, GreenBank has 50,065,128 common shares outstanding.

What is the significance of the stock options grant for GreenBank Capital's shareholders?

The stock options could incentivize management and align their interests with shareholders, although they may also lead to share dilution.

When will the stock options be exercisable for GreenBank Capital?

The stock options will be exercisable for a term of 36 months from the date of grant.