2019-04-15 19:26 ET - News Release
Mr. Jeffrey Ciachurski reports
ISSUANCE OF SHARES UNDER SERVICES AGREEMENT AND STOCK OPTION GRANT
Greenbriar Capital Corp. has issued 33,582 common shares at a deemed price of 94 cents per share to Ascenta Finance Corp. in payment of an invoice issued under the investment banking agreement with Ascenta previously announced on July 17, 2018. The agreement provides for the payment of $30,000 plus GST per quarter ($31,500), payable in shares of Greenbriar. The shares are subject to a hold period until Aug. 6, 2019. This is the last payment under the agreement. The number of shares were issued each quarter that Ascenta had provided services and was calculated by dividing the quarterly fee plus GST by the 10-day average closing market price of Greenbriar's shares on the TSX Venture Exchange, determined on the last trading day of each quarter in which Ascenta had provided services.
The company also had 250,000 stock options expire this past year and as a result signed a new option agreement with the company's chairman for 250,000 stock options exercisable at $1 per share for a period of five years with an 18-month vesting provision. The agreement was signed on April 12, 2019.
About Greenbriar Capital Corp.
Greenbriar is a leading developer of sustainable real estate, real estate blockchain, artificial intelligence and renewable energy. With long-term, high-impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
We seek Safe Harbor.
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