GREENBANK CAPITAL INC - GRNBF STOCK NEWS

GreenBank Capital Inc. (CSE:GBC) announces leadership changes, appointing Terry Pullen as acting Chairman following Mark Wettreich's departure after his term. Additionally, Steve O'Carroll is appointed as the new Chief Operating Officer. Pullen praised Wettreich for his dedication and impact on shareholder value. O'Carroll, with over 30 years in UK banking, expressed optimism about GreenBank's growth prospects. The company operates as a next-generation merchant bank with a focus on maximizing profitability through a low-cost structure and investment in undervalued growth companies.

GreenBank Capital (OTC: GRNBF) announced a co-branding campaign between its portfolio company Beelivery and the new film Minions: The Rise of Gru. This campaign coincides with the film's release in the UK and includes a 30-second TV advertisement, special Minions-themed grocery bundles, and promotional features such as the replacement of delivery icons with the character 'Otto'. Beelivery’s COO expressed optimism that this partnership will enhance brand awareness as they continue to perform well in the grocery delivery sector.

GreenBank Capital (CSE:GBC)(OTCMKTS:GRNBF) reported significant findings from its 20%-owned portfolio company, Ubique Minerals Limited, regarding exploration license EPL7167 in Namibia. A recent report from Resource 500 V Ltd indicates encouraging initial results for uranium and base metal mineralization. The report supports further surface geochemical sampling and drilling operations. GreenBank's management remains optimistic about Ubique's capabilities and potential mining opportunities.

GreenBank Capital Inc. (CSE:GBC, OTC:GRNBF) has appointed PKF Littlejohn LLP as its auditors for the financial year ending July 31, 2022, following the resignation of Dale Matheson Carr-Hilton Labonte LLP. The board anticipates that PKF's expertise, particularly with GreenBank's portfolio company Staminier Limited, will enhance the audit process. Additionally, GreenBank will hold its Annual General and Special Meeting on July 29, 2022, in a virtual format, allowing eligible shareholders to participate via proxy.

GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF) announces that its 19%-owned subsidiary, Staminier Limited, will acquire up to 21% of NARC Limited, the developer of the anticipated MMO game Beyond Ever After. Staminier initially invests £525,000 for a 2.6% stake, with an option for an additional £4.94 million. NARC's management includes key figures from Eve Online, bolstering confidence in this venture. The game aims to utilize real money trading within a customizable gaming environment, targeting extensive user engagement and ongoing revenue generation.

GreenBank Capital reports that its 19%-owned portfolio company, Staminier, has staked 233 million Freeway Tokens valued at approximately C$5.86 million. This move is expected to generate C$250,000 annually or C$20,000 monthly in staking rewards. Staminier plans to increase its staked tokens and investments in Freeway's products. The total holding of Freeway Tokens for Staminier stands at 384 million, with an unrealized profit of about C$8.3 million since the purchase, reflecting the growth potential of Freeway in the asset management industry.

GreenBank Capital has announced a Letter of Intent with the Substantia Group to acquire a significant stake in Identify, a cloud-based blockchain identification platform. This deal involves a convertible loan facility contingent on various conditions, including exclusivity and commercial viability. Identify aims to revolutionize KYC processes by digitizing identification documents using blockchain technology, with expectations to reach beta testing by late 2022 and market release by March 2023. This funding is targeted at advancing the platform's development stage.

GreenBank Capital Inc. announced its portfolio company CodiKoat developed a revolutionary biosafety product that addresses public touchscreen health hazards. CodiKoat partnered with UK firms BDK and Keeling & Walker to produce a transparent adhesive film that provides antimicrobial protection against harmful viruses and bacteria. This self-cleaning solution has shown efficacy in laboratory tests, capable of killing 90% of human coronavirus in 2 seconds. CEO Terry Pullen highlighted the significant market opportunity and effective recognition of this innovative product.

GreenBank Capital (OTC PINK:GRNBF) has exited investments in three non-core companies: Reliable Stock Transfer, Inside Bay Street, and The Lonsdale Group. The 10% stake in Reliable was sold for $225,000 CAD, netting a 50% profit from the original investment. The sale of the 19% interest in Inside Bay Street relieved GreenBank of $4,045 in debt. The 10% interest in The Lonsdale Group was exchanged for shares of both GreenBank and Ubique Minerals, with plans to return the GreenBank shares to treasury, reducing outstanding shares.