GreenBank Capital Portfolio Company GBC Grand Inc. Completes Sale of Twilite Gold Project, While Greenbank Continues Its Private Placement Offering
GreenBank Capital Inc. (OTC PINK: GRNBF) announced the completion of the sale of its 47.5%-owned GBC Grand Exploration's Twilite Gold Project to TRU Precious Metals Corp., finalized on November 9, 2020. This aligns with the terms of the prior letter of intent signed on October 13, 2020. Additionally, GreenBank is promoting its non-brokered private placement offering of $4.5 million through an independent video by Investment Pitch Media. Chairman Mark Wettreich expressed confidence in the transaction's benefits and future opportunities for the company.
- Successful sale of Twilite Gold Project strengthens GreenBank's investment portfolio.
- Chairman indicates positive outlook for future business opportunities.
- None.
This news release is not for distribution or dissemination in the United States of America
TORONTO, ON / ACCESSWIRE / November 10, 2020 / GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF) and (FRA:2TL) ("GreenBank or the Company") is pleased to announce that on November 9, 2020 its
As previously announced, GBC Grand had signed a letter of intent ("LOI") with TRU Precious Metals Corp. on October 13th, 2020 to transfer the mineral claims comprising its Twilite Gold project in Central Newfoundland, and a Definitive Agreement ("Definitive Agreement") was later signed on October 29, 2020. The consideration that GBC Grand received for the sale on November 9, 2020 substantially aligns to the terms of the LOI. This consideration is fully detailed in GreenBank's October 14, 2020 press release.
Separately, GreenBank announces that Investment Pitch Media has independently published a three minute video summarizing GreenBank Capital's non brokered
Greenbank has embedded the Investment Pitch Video, as well as a provided a fully downloadable Investor Presentation onto its website at:
https://greenbankcapitalinc.com/investors/investor-presentations/
Mark Wettreich, Chairman of GreenBank commented "GreenBank is pleased that GBC Grand have completed their transaction for the sale of Twilite, which is of benefit to GreenBank and its shareholders. Going forward GreenBank plans to embrace opportunities to further prove our business model in coordination with our existing non-brokered private placement offering."
About GreenBank
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL). GreenBank's
For more information please see www.GreenBankCapitalInc.com, or contact Mark Wettreich at (647) 693 9411 or by email Mark@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 raising of additional capital and the future development of the businesses comprising GreenBank's investment portfolio. 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 GreenBank 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 GreenBank 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.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: GreenBank Capital Inc.
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FAQ
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