November 2, 2015 - Greenbriar Expands Partnership with Atherton Pacific Green

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 9 Landport
TELEPHONE:  (949) 903-5906
 Newport Beach, California
 FACSIMILE:   (604) 608-9572
 USA 92660  

 

 N E W S  R E L E A S E 

 

November 2, 2015  TSX.V Symbol: “GRB”
   Issued and Outstanding: 12,670,227


 

Greenbriar Capital Corp Expands the Partnership

with Atherton Pacific Green and Closes Another

Tranche of Financing to total 605,000 Units

at $1.50 per Unit

 

Newport Beach, California, November 2nd, 2015 – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) is pleased to announce that its partnership with Atherton Pacific Green ("APG") has advanced at a progressive pace for engineering, procurement, and construction of the 100 MW "Smart Grid" Montalva Photovoltaic Solar Project located in Puerto Rico, USA.

 

APG and affiliates have provided detailed equipment design specifications to Greenbriar for the project in Puerto Rico and both parties are awaiting a judicial decision to advance the project. Greenbriar's wholly owned Puerto Rican subsidiary PBJL has asked the Court in Puerto Rico to compel the Puerto Rican Energy Power Authority ("PREPA") to honor and acknowledge the $1.9 Billion USD energy sales contract PBJL was awarded by PREPA in December 2011. In the alternative, PBJL has requested from the court that it will accept a cash payment of $210 Million USD from PREPA in lieu of the agreement. Financial close for this project will be subject to the usual and customary due diligence for a solar project of this size as well as third party approvals. CV Brokerage will arrange a conventional project capital structure comprising senior lenders, tax equity investors and appropriate subordinate mezzanine lenders wherever needed. Greenbriar will build and own 100% of the project. The annual production is estimated at 240 million kwh per year and about $60 million in annual revenues.

APG is further collaborating with Greenbriar on a second major business initiative that has the potential to have far larger financial implications for Greenbriar than the Montalva Solar project. The initiative is a deep vertical foray into the residential and commercial energy management and storage business. Home and property energy management and storage solutions will be the next major growth sector in the global energy business, offering consumers direct control to manage, reduce and control their energy cost. APG has access to residential and commercial storage devices that it believes are both more affordable and more efficient than other competing devices that are currently available in the marketplace.

Greenbriar Capital Corp engaged CV Brokerage, a U.S. registered broker-dealer, as its corporate financial advisor in connection with the placement of units in the common shares of Greenbriar Capital Corp at various prices beginning at $1.50 per unit. Each unit comprises of one common share and one-half share purchase warrant entitling each full warrant to be convertible into a common share at $1.75 per share for a period of 5 years from the date of issuance. To date, 400,000 units at $1.50 per unit have been completed on this current tranche, bringing the total so far to 605,000 units at $1.50 per unit for gross proceeds of $907,500.00. CV Brokerage will be paid 50,000 common shares of Greenbriar as a commission. There will be a four-month hold period on all of the common shares to be issued under this financing.

Jeff Ciachurski, CEO of Greenbriar Capital Corp states: "we are delighted to have APG expand our business plan into residential energy management and storage. This is the future of not just energy efficiency, but also the future of increasing real property values by lowering the daily operating costs of real property assets. With only 13 million shares outstanding, Greenbriar is poised to deliver significant value to its shareholders."

Dr. Jane Wu, CEO of APG states: "I am thrilled to be collaborating with Greenbriar on this exciting new project. With the best technology in the energy management and storage business, we are confident we can add true accretive value to the stakeholders of Greenbriar Capital Corp."

About Atherton Pacific Green

 
Atherton Pacific Green is a global renewable energy and smart city management firm along with vertically integrated solutions from manufacturing to design and installation to handheld energy management and monitoring. APG is a technology leader that is changing the way homeowners, businesses and governments use electricity and strives to be the "low cost leader with disruptive technology". APG's expertise is turnkey renewable smart systems - the science, the technology, and the product.

About CV Brokerage

 
CV Brokerage Inc. is a 100% woman-owned broker-dealer specializing in agency only, best execution services for companies, institutions, fund of funds, hedge funds, pensions, endowments, foundations and high net worth investors. CV Brokerage works closely with its clients to understand their goals and implement their strategies in multiple asset classes from a single platform, while placing their needs at the forefront of market activity. CV Brokerage combines industry credentials (including FINRA membership), extensive experience, responsive client service and dedicated commitment to obtaining the full measure of worth for its clients. CV Brokerage delivers a high level of service, principled professionalism, confidentiality and a willingness to fully commit the firm to achieving its clients' goals. The Women's Business Enterprise National Council has certified CV Brokerage.


About Greenbriar Capital Corp. 

Greenbriar Capital Corp is a leading specialized developer of renewable energy and sustainable real estate projects. With contracted long term, high impact, contracted renewable energy sales agreements in key project locations led by a successful industry recognized operating and development team, Greenbriar targets deep value assets directed at accretive shareholder value.

 

For further information please contact:

 
Jeff Ciachurski, CEO
Greenbriar Capital Corp.
Phone: 949.903.5906
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
 
 

ON BEHALF OF THE BOARD OF DIRECTORS 

“SIGNED” 

Jeffrey J. Ciachurski   

President, Chief Executive Officer and Director 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Certain statements in this press release constitute “forward-looking statements” under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as “expects”, “anticipates”, “intends”, “projects”, “plans”, “will”, “believes”, “seeks”, “estimates”, “should”, “may”, “could”, and variations of such words and similar expressions are intended to identify such forward-looking statements.  Such statements in this news release include, but are not limited to, the Company’s discussion concerning the Offer. These statements are based on management’s current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward- looking statements to differ materially from any future results expressed or implied by such statements. Such factors include, but are not limited to, the state of the Company’s business activities and various factors discussed in the Company’s annual report and annual information contained in the Company’s 20F Annual Report filed with the United States Securities and Exchange Commission and securities regulators in Canada.  Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.

 

 

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