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Greenbank Capita - GRNBF STOCK NEWS

Welcome to our dedicated page for Greenbank Capita news (Ticker: GRNBF), a resource for investors and traders seeking the latest updates and insights on Greenbank Capita stock.

Greenbank Capital Inc. (GRNBF) provides strategic transformation services to early-stage companies, specializing in mining, geological services, and cross-border operational support. This page aggregates all official announcements, financial updates, and material developments for investors and industry observers.

Access real-time updates on earnings reports, strategic investments, and leadership changes, alongside analysis of operational milestones in key sectors. Our curated feed ensures stakeholders stay informed about governance decisions, partnership developments, and market positioning initiatives.

Key coverage areas: Quarterly financial disclosures, merger/acquisition activity, corporate restructuring updates, and operational expansions across global markets. Bookmark this page for streamlined access to GRNBF's evolving business narrative and value-creation strategies.

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GreenBank Capital (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) has faced significant market cap reduction in 2023, with share price down 93.22% compared to the CSE composite index. Despite this, its underlying assets like Beelivery and Codikoat have shown progress. The company has also undergone a corporate restructuring and acquired the Suni Iron Project in Ontario. However, a cease trade order has been issued, and the company is facing delays in filing financial statements. Legal fees and unfounded allegations have added to the financial strain. Staminier, a company in which GreenBank holds 48.5% equity ownership, has agreed to sell the Substantia Group back to its previous owners, aiming to hold liquid assets instead of operating assets. GreenBank has also secured a strategic loan acquisition, providing a stronger position to protect its investment in Staminier.
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GreenBank Capital (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) announces a delay in filing its annual financial statements and management discussion and analysis, resulting in the denial of a management cease trade order by the Ontario Securities Commission. The company attributes the delay to the recent appointment of a new CEO and the resignation of the CFO, aiming to remedy the default and file the Required Filings by December 29, 2023.
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GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) is pleased to announce that Staminier Ltd. has signed a Head of Terms initiating the sale of The Substantia Group Limited to its previous owner. The Company also announces a new non-brokered private placement offering raising up to $C1.25 million and a proposed debt conversion approximately to C$700.000 in Company debt. The strategic moves, including the private placement and the restructuring of debt, mark a pivotal step towards fortifying GreenBank's financial foundation, allowing for realignment with core investment strategies and ensuring long-term growth and shareholder value.
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GreenBank Capital announces new strategy and acquisition of Suni Iron Ore Project
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GreenBank Capital appoints Vilhjalmur Thor Vilhjalmsson as CEO and Chairman, replacing Terry Pullen
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GreenBank Capital has successfully closed the first phase of its non-brokered Private Placement Offering, raising C$448,111.88. This amount represents the conversion of outstanding debts owed by the Company, including payments to Directors and Officers. CEO Terry Pullen noted that the participation of insiders reflects confidence in the company's prospects, with plans for further fundraising in the coming weeks.

The funds will be used for investment and working capital purposes, subject to necessary regulatory approvals. The offering may include finders' fees up to 8% and the securities will be freely tradable under Canadian securities legislation. Notably, the company's insider participation categorizes this as a related party transaction, exempting it from formal valuation and minority shareholder approval.

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GreenBank Capital has provided an update regarding its investment valuation in CodiKoat. Following recent fundraising efforts by CodiKoat, the value of GreenBank's holding has increased significantly. The investment, originally made in May 2021 for C$928,792, is now valued at approximately C$1.9 million. If realized, this would represent over a 2x return on its initial investment.

CodiKoat is known for developing a fast ISO certified antimicrobial and antiviral coating technology. Recent advancements include the appointment of a new CEO, Blake Gudgel, and the expansion of its facilities and staff, positioning the company for further commercial success.

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GreenBank Capital has announced a non-brokered private placement offering of up to 1 million units at a price of $1.20 per unit, potentially raising $1.2 million. Each unit includes ten common shares, five purchase warrants, and one option for a common share in Ubique Minerals Ltd. Proceeds will be allocated to working capital and investments in two key portfolio companies: Flex Capital, which is developing the Kiind charity platform, and Ubique Minerals, which is securing funding for a lead-zinc mine acquisition in Namibia. The offering aims to strengthen these companies and consolidate GreenBank's focus on income-producing assets.

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Greenbank Capita

OTC:GRNBF

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1.47M
120.68M
4.05%
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