Greenbank Capital Inc. has agreed to a private placement in the amount of C$280,000 by the issuance of 280,000 common shares at C$1.00 per share.
Greenbank Capital CEO Daniel Wettreich and David Lonsdale, a board member, invested C$50,000 each in the private placement. Upon closing of the private placement, Wettreich will beneficially own 19,576,146 common shares, or 72.27% of the increased share capital of Greenbank Capital. Lonsdale will beneficially own 2,090,092 common shares or 7.71% of the increased share capital of the company.
The proceeds of the funding will be used for working capital.
