2023-03-23 08:36:04 ET
- GreenBank Capital ( OTCPK:GRNBF ) announced that it plans to undertake a non-brokered private placement offering of up to 1M units at $1.2/unit, which, if fully subscribed will yield gross proceeds of $1.2M.
- Each unit consists of ten common shares in GreenBank at C$0.12, five common share purchase warrants in GreenBank at an exercise price of C$0.20 and one option to purchase a share of Ubique Minerals from GreenBank at C$0.15.
- The period for exercise of both the GreenBank and Ubique options is 22 months after closing.
- Proceeds will be used to provide working capital to GreenBank and to make investments into two portfolio companies.
For further details see:
GreenBank to raise C$1.2M in private placement offering