Greenbank Capital Inc. agreed to acquire a 19.62% interest in Minfocus Exploration Corp. via an off-market transaction, according to a Feb. 7 release.
GreenBank will issue 220,000 shares at C$1.30 per share to Gerald Harper, a former director of Minfocus, to acquire 14.3 million shares of Minfocus at 2 cents per share.
As a significant shareholder, GreenBank will review and monitor its options and alternatives with respect to additional purchases of shares in Minfocus.
