GREENBANK CAPITAL INC - GRNBF STOCK NEWS

GreenBank Capital announces the termination of its commercial agreement with Pharmakure Limited, focusing on merchant banking services. Both parties agreed to end the agreement without further obligations or funding, with Pharmakure's previous $50,000 CAD payment to GreenBank being non-reimbursable. The companies are currently discussing a new agreement, expressing mutual interest in Pharmakure's advancements in treating Alzheimer's Disease. GreenBank remains committed to exploring future collaborations as they continue to adapt their global merchant banking model.

GreenBank Capital announces positive trial results for its portfolio company CodiKoat's antiviral coating product GoVirol, tested at London's Royal Opera House over three months. The trial demonstrated GoVirol's efficacy in killing 99% of viruses, including coronavirus, within seconds of contact. The product's effectiveness remained consistent throughout the testing period, supporting its potential commercialization. CodiKoat aims to reduce healthcare-associated infections, which cost the US economy up to $45 billion annually. GoVirol's applications span various public spaces and surfaces.

GreenBank Capital has secured a £1.5m (C$2.63m) loan from Staminier Ltd. to complete its second tranche investment in Beelivery. This investment aims to help Beelivery attract 450,000 new customers within two years. Beelivery, which operates in the UK grocery delivery sector, reported handling nearly £8m (C$13.68m) in orders last year. With an ambitious target of over £370m (C$645m) in orders for the fiscal year ending September 2023, this funding enhances Beelivery's growth strategy. GreenBank holds a significant stake in Staminier and plans to expedite its acquisition of Staminier's shares.

GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF) has announced that its portfolio company Ubique Minerals Inc. closed the final tranche of a private placement financing, raising a total of $1,100,000 CAD on August 16, 2021. GreenBank contributed $200,000 CAD to this financing. The funds will support follow-on drilling at the Daniels Harbour Zinc Project and cover other exploration costs, including the Port Loko bauxite project in Sierra Leone. Ubique has a strong management team and a robust database for future exploration endeavors.

GreenBank Capital Inc. appointed Terry Pullen as the new CEO, effective immediately, succeeding David Lonsdale, who resigned due to family medical issues. Mark Wettreich, Chairman, expressed confidence in Pullen's leadership, highlighting his significant contributions over the past 18 months. Pullen aims to enhance shareholder value and plans for a Nasdaq listing through innovative deal-making. GreenBank is recognized for its flexible, low-cost structure and was awarded the Most Innovative Merchant Bank in Canada for 2021.

GreenBank Capital announces its portfolio company, Ubique Minerals Limited, has signed a non-binding Memorandum of Understanding (MoU) to earn up to 80% of Alumina Ventures Ltd (AVL). AVL owns the Port Loko Bauxite deposit in Sierra Leone. Ubique aims to acquire a 51% stake through $3 million investment and commercial production, with an option for 29% more by investing $5 million. GreenBank invested $200,000 in Ubique’s private placement. This move reinforces GreenBank's commitment to Ubique and explores potential revenue growth in the mining sector.

GreenBank Capital Inc. is exploring the implementation of Automatic Securities Disposition Plans (ASDP) for its Directors, in line with new guidance from the Canadian Securities Administrators. This strategy aims to enhance corporate governance and transparency regarding insider trading. A 90-day moratorium on Directors selling shares below C$2.50 is in effect. GreenBank is recognized for its innovative merchant banking model and is committed to capital appreciation for shareholders. The company's proactive approach aims to build public trust and ensure compliance with regulatory standards.

GreenBank Capital (CSE:GBC, OTCMKTS:GRNBF) announces that its portfolio company, Ubique Minerals Limited, has secured a diamond drilling contract for the Daniel's Harbour Zinc Project in Newfoundland. The drilling aims to explore zinc deposits further, with a plan for 2,000 meters of drilling. Ubique is also undertaking a private placement to raise $800,000 for exploration efforts. Vilhjalmur Thor Vilhjalmsson is appointed interim CEO as Dr. Gerald Harper steps down due to health issues, continuing as a director.

GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF) has finalized a £1m (C$1.71m) investment in Beelivery, an online grocery delivery platform, with a total planned investment of £1.5m (C$2.57m). Beelivery aims to gain 450,000 new customers over two years and boasts profitability, unlike many competitors. The capital will help Beelivery increase orders targeting £370m (C$645m) by September 2023. GreenBank will appoint a board member to Beelivery and will act as its merchant bank for a future listing. Funding includes a secured loan from GreenBank portfolio company, Staminier.