Greenbank Capital Successfully Raises $4,454,358 in Private Placement
GreenBank Capital Inc. has completed a successful private placement, raising $4,454,358 with participation from 54 investors globally. The investment comes with a minimum hold period of four months. Key executives, including Chairman Mark Wettreich and CEO David Lonsdale, participated personally, indicating strong insider confidence. Lonsdale emphasized the importance of a robust capital base for enhancing growth and delivering returns. GreenBank operates as a low-cost merchant bank, focusing on undervalued growth companies.
- Successfully raised $4,454,358 in private placement.
- Participation from 54 global investors indicates strong market interest.
- Key executives invested personally, showcasing insider confidence.
- None.
This news release is not for distribution or dissemination in the United States of America
TORONTO, ON / ACCESSWIRE / March 27, 2021 / GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) ("GreenBank" or "the Company") is pleased to announce that it has successfully completed its previously announced private placement raising a total of
GreenBank Capital's private placement was almost fully subscribed, with investments coming from 54 investors. Each investor's shares are subject to minimum hold requirements of at least four months and a day. There was a strong endorsement from the management team as GreenBank's Chairman Mark Wettreich, CEO David Lonsdale and CFO Miles Nagamatsu all personally participated in the private placement as well as the Company's barrister Robert Isles investing more than C
Investments came from Canada, the USA, the United Kingdom, Switzerland, and Iceland underscoring the global footprint that the Company is developing.
David Lonsdale, GreenBank CEO said "I am delighted at the results of the private placement and the solid support we have received from investors. In today's world having a strong capital base is critical. We have been able to achieve an impressive transformation of the Company with minimal deployment of capital thus far; this private placement will help us to accelerate and enhance the company's growth, delivering the returns we have promised to our investors."
About GreenBank
GreenBank is a next generation merchant banking business that has a flexible low-cost overhead structure designed to maximize profitability. Our management are based in Toronto, Dallas, New York and London and are used to working across borders remotely. Our model of remote working, dynamic space and flexible contracts -rather than expensive offices, full time employees and large fixed costs - establishes GreenBank as a 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. GreenBank invests in undervalued exponential growth companies 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/637794/Greenbank-Capital-Successfully-Raises-4454358-in-Private-Placement
FAQ
What was the total amount raised by GreenBank in its private placement?
Who participated in the private placement alongside GreenBank's executives?
What is the minimum hold requirement for the shares issued in GreenBank's private placement?
What type of companies does GreenBank invest in?
How does GreenBank operate as a merchant bank?
