Oddollar
4 years ago
Greenbriar enters sales, marketing deal for Sage Ranch
2020-07-13 02:00 ET - News Release
Mr. Jeff Ciachurski reports
GREENBRIAR EXECUTES A MASTER SALES AND MARKETING AGREEMENT WITH KELLER WILLAMS - PAUL MORRIS FORWARD LIVING INC
Greenbriar Capital Corp. has executed an initial master sales and marketing agreement with Keller Williams Forward Living and its chief executive officer to market and sell each unit of its $400-million, 1,000-unit Sage Ranch sustainable subdivision in Southern California upon approval by the California Department of Real Estate.
The 1,000-unit Sage Ranch sustainable subdivision is located 90 miles northeast of Los Angeles in the scenic Tehachapi Valley, a 40-minute drive from a population base of one million people and a 90-minute drive from 20 million people of the Los Angeles metro area.
Sage Ranch is the most prolific environmentally sustainable residential community in California, having a virtually zero carbon footprint. Sage Ranch is immediately adjacent to a high school and an elementary school, one block from a middle school, and a five-block walk to the historic downtown. Solar panel rooftops will be standard, and virtually no automobile traffic is needed to reach all major amenities. The beautiful design has been created by the award-winning, world-class JZMK Architects of Costa Mesa, Calif. In addition to the world-class design, the Sage Ranch design includes nine parks, sports facilities, walking paths and a major clubhouse.
Sage Ranch will bring $300-million of construction jobs and materials to the Tehachapi Valley economy, add $3-million of annual land tax revenue, add $1.5-million per month of new consumer retail expenditures to the downtown and provide $20-million of much needed real estate commissions to the local real estate industry.
The Keller Williams Forward Living team will take over the real estate placement efforts with Edwards Airforce Base, with the leading aerospace companies including Northrup, SpaceX and NASA, and will assume client care of the 200-plus parties currently on the Sage Ranch wait-list. The company expects the project to be oversold by delivering much needed first-class housing opportunities at pricing that produces mortgage payments that will rival and often be less expensive than local rents.
Keller Williams Forward Living brings a dynamic sales team led by its principal, Paul Morris, who has a master in management from Oxford and a JD from Cornell Law, and formerly worked for a major New York law firm as senior counsel at the U.S. Department of Justice reporting to attorney-general Janet Reno. Mr. Morris's true passion for business with a focus in real estate led him to leave his law firm practice in 2003 and focus solely on real estate brokerage and investing. Recently, he wrote a New York bestseller "Wealth Can't Wait" and continues to train and speak to real estate professionals, including being one of only four mentors in UCLA's entrepreneur and leadership development program for MBAs.
Both as an investor and brokerage owner, over the past two decades, Mr. Morris has expanded his portfolio and influence to be recognized as the 64th most powerful person in real estate (2019 Swanepoel 200). He is co-owner and chief executive officer of Forward Management, the 21st largest real estate brokerage firm in the United States (Real Trends 500) with ownership in 10 Keller Williams offices with 3,300 Realtors, more than $7-billion in annual closed volume and more than 9,000 closed units.
Mr. Morris brings his passion for real estate investment, sales and training to this dynamic project, and is proud to be part of the team that will deliver this wonderful product to a community that he fully believes in.
About Greenbriar Capital Corp.
Greenbriar is a leading developer of sustainable real estate 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. Greenbriar and its advisers have closed over $180-billion in renewable energy and real estate projects since 2003 with previous companies.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.
Oddollar
4 years ago
Greenbriar to Seek Uplift to the Nasdaq Global Market
2020-06-01 00:00 ET - News Release
Newport Beach, California--(Newsfile Corp. - June 1, 2020) - Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar"). Greenbriar is pleased to announce that Greenbriar is seeking to obtain a full listing on the world class NASDAQ Global Market Select. Conditions to list on the NASDAQ Global Market Select are a minimum US $4.00 share price, at least US $4 Million in net current assets plus the appropriate registration and exemption filings with the US Securities and Exchange Commission. Greenbriar is currently conducting internal non-deal road shows via conference calls with our own 53,000 investors and followers. The Greenbriar story is resonating with a broad spectrum of investors.
Greenbriar is moving ahead to construct the sophisticated 160MWdc/80MWac Montalva solar project in Puerto Rico, which will become the largest solar facility in the Caribbean once completed. Greenbriar is very confident the project will expand to 320MWdc/160MWac in the very near future. A sizeable electro-chemical storage facility as part of the solar field will enable 24/7 dispatch which is unique in ultra-large scale solar generation facilities. Montalva will provide Puerto Rican citizens with lower-cost, clean and reliable electricity and replace some of the current expensive and dirty oil generation.
The company is proudly building the project with the China Machinery Engineering Corporation (CMEC), a leading world class premier construction and engineering company, forming part of the USD $40 Billion China National Machinery Industry Corporation (Sinomach) group of companies.
Greenbriar has been informed by its legal counsel Luis Baco, JD, LLM, that the PREPA Governing Board has approved our project and contract this past Thursday May 28 and the contract has been presented to the US FOMB (US Federal Oversight Management Board) for final approval. In 2018 the US FOMB already recommended Montalva to be deemed a critical project to rebuild Puerto Rico. Montalva will provide over 900 construction jobs, an increased tax base and hundreds of millions of dollars of private funds invested to rebuild a new and resilient electrical grid. Greenbriar is proud of this contribution and its existing 12 year non-stop commitment in Puerto Rico.
About Greenbriar Capital Corp:
Greenbriar is a leading developer of renewable energy and sustainable real estate. 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. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003 with previous companies.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56929
© 2020 Canjex Publishing Ltd. All rights reserved.
Oddollar
4 years ago
Greenbriar enters power purchase agreement with PREPA
2020-05-19 15:42 ET - News Release
Mr. Jeffrey Ciachurski reports
GREENBRIAR CAPITAL CORP REACHES COMMERCIAL AGREEMENT WITH THE PUERTO RICO ELECTRIC POWER AUTHORITY
Greenbriar Capital Corp.'s legal counsel in Washington, D.C., has released a statement.
Luis Baco, JD, LLM, stated: "Greenbriar Capital Corp. is pleased to announce that it has reached agreement with the Puerto Rico Electric Power Authority (PREPA) on a 25-year power purchase and operating agreement (PPOA) for the development, construction and operation of the 80-megawatt-to-160-megawatt AC Montalva solar project. The Montalva PPOA now moves on to final approval by the Puerto Rico Energy Bureau (PREB) and the Puerto Rico Financial Oversight and Management Board (FOMB). This process is expected to last four to five weeks. We are very pleased with this outcome and are eager and ready to get started on building this great and long-overdue project that will help transform the island's energy sector and bring about great savings to the people of Puerto Rico. Once built to full capacity, the Montalva solar project will become the largest solar energy facilities in the whole Caribbean region."
Greenbriar is proudly working together with CMEC of Beijing to design, build and construct this $200-million facility. CMEC is part of the $40-billion (U.S.) Sinomach group of companies and is world renown in building large-scale, high-quality energy projects.
About Greenbriar Capital Corp.
Greenbriar Capital is a leading developer of renewable energy and sustainable real estate. Greenbriar and its advisers have closed over $180-billion in renewable energy projects since 2003.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.
Oddollar
4 years ago
Greenbriar hopes for Montalva resolution in 10 days
2020-05-08 00:48 ET - News Release
Mr. Jeff Ciachurski reports
GREENBRIAR CAPITAL CORP PROVIDES MONTALVA PROJECT UPDATE
Greenbriar Capital Corp.'s legal counsel in Washington, D.C., Luis Baco, JD, LLM, has stated: "Greenbriar Capital Corp. is pleased to announce that significant progress has been achieved in the past weeks towards reaching a final agreement with the Puerto Rico Electric Power Authority (PREPA) on the revised PPOA for the Montalva solar project to be built in the municipalities of Guanica and Lajas, Puerto Rico. PREPA informed its Governing Board on April 30 that it has attained substantial progress on 7 of the 19 remaining amended and restated renewable energy PPOAs, and that they expect to reach a final agreement on these projects on or before the Board's self-imposed deadline of May 15 (which constitutes a COVID-19 triggered 15-day extension from the original April 30 deadline). Greenbriar has been informed by PREPA that Montalva is one of these projects, and the expectation on both sides is that a final resolution on the few remaining commercial issues should be achieved within the next week to ten days. Once built, the 80MW to 160MW AC Montalva solar project will be the largest solar energy facility in the Caribbean region and greatly assist PREPA and the Government of Puerto Rico accomplish its very aggressive policy objective to achieve 40% power generation from renewable sources by 2025.
About Greenbriar Capital Corp:
Greenbriar is a leading developer of renewable energy and sustainable real estate. 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. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.
We seek Safe Harbor.
Oddollar
4 years ago
020-04-07 01:49 ET - News Release
Mr. Jeffrey Ciachurski reports
GREENBRIAR EXECUTES COOPERATION AGREEMENT WITH CHINA MACHINERY ENGINEERING CORPORATION TO BUILD THE LARGE MONTALVA SOLAR FACILITY
Greenbriar Capital Corp. has signed a fully executed co-operation agreement with China Machinery Engineering Corp. of Beijing, China, to be the engineering, procurement and construction (EPC) company to design, build, equip and construct the 80-megawatt to 160-megawatt AC Montalva solar project in Puerto Rico.
After two massive hurricanes in 2017 and a crushing 6.4 magnitude earthquake on January 6, 2020 which destroyed the 990 MW Costa Sur power plant, Puerto Rico is acutely short of long term stable power generation. Finally, the value of our solar project has been recognized as a major solution to the long term energy needs of the Island, offering green, reliable, affordable and safe energy that further offers energy independence to the rate payers of Puerto Rico. A congressional report in 2017 discovered that the local utility over-paid $18-Billion of crude oil purchases from 2003 to 2017. The Montalva project offers an exit from this dangerous cycle of expensive and toxic generation of electricity from burning expensive imported crude oil.
China Machinery Engineering Corporation(CMEC) is a leading world class and premier construction and engineering company, forming one part of the USD $40 Billion dollar China National Machinery Industry Corporation (Sinomach) group of companies.
The specialization of CMEC is the construction of power projects in generation, transmission, and distribution and with its parent company is considered the 3rd largest in the world.
The company is also present in Turkey with representative offices in Istanbul and Ankara. CMEC has operated in Turkey since the mid-1980s and operations in the country accounted for a total value of projects in Turkey amounting to USD$3 Billion.
Moving into investment, the CMEC announced in 2013 the creation of an investment fund, based on its own equity capital and lines of credit from Chinese financial institutions.
CMEC signed a deal with Argentina in 2010 to rehabilitate the Belgrano Cargas freight network, part of a series of railways that cross the central and northern parts of the country. In 2013, financing was announced for the project with a loan of USD$2.47-billion from China Development Bank to finance the bulk of costs .A second deal was signed in September 2015, doubling the original investment to USD$4.8Billion.
CMEC also built and partially owns two power plants in Nigeria, the Omotosho Power Plants in Ondo State.
In January 2016, the company signed EUR150 million euro deal with the Bosnian city, Tomislavgrad, to build a wind farm. The project was finished in 2017.
Jeff Ciachurski, CEO of Greenbriar states "CMEC has the industrial might and horsepower to build this complex solar project for the citizens of Puerto Rico that encompasses a very large DC/AC ratio and significant battery storage systems that account for up to 45% of the rated capacity, providing power long after the sun goes down. We are honoured to be working with the dedicated and professional staff at CMEC"
About Greenbriar Capital Corp.
Greenbriar is a leading developer of renewable energy and sustainable real estate. 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. Greenbriar and its financial and legal advisors have closed over $180Billion in renewable projects since 2003.
© 2020 Canjex Publishing Ltd. All rights reserved.
Oddollar
5 years ago
Greenbriar sells blockchain software to Titleloq
2019-07-10 17:38 ET - News Release
Mr. Jeff Ciachurski reports
GREENBRIAR CAPITAL CORP SELLS ITS BLOCKCHAIN SOFTWARE REALBLOCK
Greenbriar Capital Corp. has sold its industry-leading blockchain software to Titleloq LLC. Titleloq is a new entity created specifically to own and operate the blockchain software, and is majority owned by Tommy Sullivan of Arizona.
The consideration is $1,745,422 in cash, shares and $3 (U.S.) per every opening transaction as a net royalty. The share consideration comprises the return and cancellation to the treasury of a total of 786,772 previously issued Greenbriar common shares, the cancellation of 475,000 previously issued Greenbriar stock options and the cancellation of 276,812.5 previously issued Greenbriar share purchase warrants with the rest paid to Greenbriar immediately in cash. The $3 (U.S.) cash per every single opening transaction royalty will be paid in quarterly instalments and could convert to 10 per cent of the net proceeds if the software and any modification and or improvement thereof are sold to a fully arm's-length party. As per the investor conference call of December, 2018, if the software app reaches its first goal of 60,000 transactions per month, the net royalty payable to Greenbriar will be $180,000 (U.S.) per month. Meanwhile, the company's shares outstanding will now reduce to 19.5 million.
Greenbriar is consistently delivering to shareholders on being a robust incubator and creator of new stand-alone projects and technologies. In October of 2018, Greenbriar received 10.7 million common shares of Captiva Verde Land Corp., which the company expects to be constantly increasing in value. The company has begun the creation of a spinoff public company to dividend, to each shareholder, an equal amount of new shares for the Montalva solar project. Today, the company sold its blockchain software and receives a robust royalty stream in perpetuity or a percentage of sale proceeds to a large independent enterprise. The management and board of Greenbriar are solely committed to the value creation for shareholders.
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.
© 2019 Canjex Publishing Ltd. All rights reserved.
Oddollar
5 years ago
Greenbriar reaches terms with PREPA on Montalva pricing
2019-05-27 06:42 ET - News Release
Mr. Jeff Ciachurski reports
GREENBRIAR CAPITAL CORP PROVIDES MONTALVA UPDATE
Further to its news release dated Feb. 6, 2019, Greenbriar Capital Corp. has been in non-stop negotiations with PREPA (Puerto Rico Electric Power Authority) and its consultants (Filsinger Energy Partners) and attorneys (King & Spalding), to permit the Montalva project to proceed forward. Under the guidance of Luis Baco, JD, LLM, the company and PREPA have basically come to terms on pricing. During the negotiating process, PREPA learned that the Montalva site can easily accommodate 145 megawatts of alternating current of capacity, 45 per cent more than the original contract. Greenbriar has been asked to revise its proposal to include the increased capacity, a detailed scheduled timeline to commence construction and sources of project financing. The company secured financing at the project level last year and the financing is still in effect. The company expects to file the revised proposal by the end of this week.
The company is also in talks with a very large Canada-based clean energy power producer regarding a relationship for Montalva and any other solar projects in Puerto Rico. The company advises its shareholders that since hurricanes Irma and Maria impacted the island, timelines and processes have taken much longer than anticipated and such delays are out of the company's control. However, based on its revised proposal and subject to final sign-off by PREPA and the Federal Oversight and Management Board (which previously recommended the project) the company expects to start construction before the end of the year.
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.
© 2019 Canjex Publishing Ltd. All rights reserved.
Oddollar
5 years ago
2019-05-02 12:55 ET - News Release
Mr. Jeffrey Ciachurski reports
GREENBRIAR CAPITAL CORP ENGAGES NOEL ZAMOT FOR SAGE RANCH - USAF HOUSING NEGOTIATIONS
Greenbriar Capital Corp. has retained USAF Colonel Noel Zamot (retired) as its chief consultant with regard to negotiations with the U.S. Air Force for providing exceptional, affordable, and safe new housing for air force members, civilian staff, private contractors and their families in the much sought after mountain community of Tehachapi, California. Sage Ranch comprises 138 acres and is approved for 1,000+ housing units over eight (8) different product types.
Noel Zamot is President of Atabey Group, an advisory firm focused on catalyzing ethical investment in emerging markets.
Mr. Zamot previously served as the Revitalization Coordinator for the Financial Oversight and Management Board (FOMB) for Puerto Rico, a Congressionally mandated role tasked with attracting private capital to revitalize Puerto Rico's critical infrastructure, setting the conditions for economic growth. He launched the Critical Projects Process under Title V of the PR Oversight, Management and Economic Stability Act (PROMESA) to evaluate and fast-track projects to address the island's critical infrastructure emergency. Mr. Zamot built and led a team performing financial, permitting and technical due diligence for over $8B of infrastructure projects for designation across the energy, transportation, housing and other sectors. He was nominated by the FOMB to be the Puerto Rico Electric Power Authority (PREPA) Chief Transformation Officer (CTO), and subsequently provided oversight for the development of the strategic transformation plan for the Authority in his role as Revitalization Coordinator. This vision was ultimately codified into the historic transformation and sale of the utility. Mr. Zamot has also led transformation efforts for advanced technology clusters in Puerto Rico, bringing together industry partners, capital providers and government stakeholders to catalyze investment across the island.
Prior to his appointment to the FOMB, Mr. Zamot was an entrepreneur and executive in the aerospace industry. He was the founding partner of Corvus Analytics LLC, a firm that helps businesses manage cyber risk and design cyber resilient systems. As an executive in the aerospace industry he managed operations valued at $230M for a major defense contractor, providing complex technical solutions to customers in the Federal Government. He has developed and implemented strategies for revenue growth and market segmentation, crafted a strategic roadmap for firm-wide contract transition, and led his teams to win back-to-back business performance awards. He has led consulting engagements for federal and state agencies, aerospace firms, nonprofits and NGOs.
Before entering private industry, Mr. Zamot served as a colonel in the U.S. Air Force. He finished his active duty career as commander of the USAF's elite Test Pilot School at Edwards Air Force Base in California. During his career he served as a Senior National Representative in NATO, led a team to win a $1M prize for installation- wide energy savings, led teams responding to cybersecurity attacks and developed operational plans for counter- space and stealth operations. He managed funding and execution of construction projects for disaster recovery efforts, leading his teams to Air Force-wide recognition. He has logged over 1900 flight hours in over 30 different types of aircraft, including over 100 hours of combat.
Mr. Zamot has twice testified before Congress on Energy Policy and Infrastructure Recovery for Puerto Rico during the aftermath of Hurricane Maria. He earned engineering degrees from MIT (S.B.) and the University of Michigan (M.S.), and an MBA from MIT's Sloan School of Management. He also earned a Professional Management degree from ESAN in Lima, Peru, and a Master of Science in National Security Strategy from the National Defense University in Washington, D.C. He is a sailplane pilot, an avid cyclist, and speaks frequently on infrastructure resiliency, the energy sector and investment in Puerto Rico. Mr. Zamot will not advise Greenbriar on any matters concerning Montalva due to his past executive leadership role with the Oversight Board and therefore avoid any potential perceived conflict.
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.
© 2019 Canjex Publishing Ltd. All rights reserved
Oddollar
5 years ago
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.
© 2019 Canjex Publishing Ltd. All rights reserved.
Oddollar
5 years ago
Sage Ranch approval
2019-04-16 02:13 ET - News Release
Mr. Jeffrey Ciachurski reports
CAPTIVA VERDE ANNOUNCES DOCUMENTATION OF SAGE RANCH ENVIRONMENTAL IMPACT REPORT AND PRIVATE PLACEMENT
Captiva Verde Land Corp. has received 4-0 approval from the Planning and Zoning Commission in California for its 1,042-unit $350-million subdivision. The company and its joint venture partner, Greenbriar Capital Corp., are in advanced discussions with the U.S. Air Force to lease the 1,042 units to the military for the members and families of its civilian, military and contractor work force at the Edwards Air Force base and related facilities.
Once completed, Sage Ranch will comprise 1.7 million finished square feet of eight different housing types and, if leased to the USAF in its entirety, generate between $850,000 to $1.7-million per month in discretionary posttax cash flow for the JV.
To pay for the completion of the engineering work, Captiva has negotiated a fully subscribed private placement of three million units at 20 cents per unit. Each unit comprises one share and one-half share purchase warrant, enabling each full warrant to buy an additional share at 35 cents per share for a period of 12 months. The issuance is subject to regulatory approval and will have a four-month hold period.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Oddollar
5 years ago
2019-02-14 02:00 ET - News Release
Mr. Jeffrey Ciachurski reports
GREENBRIAR RECEIVES UNANIMOUS 4-0 APPROVAL FOR SAGE RANCH
The Sage Ranch management team, led by Greenbriar Capital Corp.'s Stuart Nacht, has received unanimous 4-0 approval from the Tehachapi City Planning and Zoning Commission. The Greenbriar team was supported by the world famous JZMK Partners, Architects and Planners. Sage Ranch is a plus-1,000 house community.
JZMK designs multibillion-dollar award-winning residential communities throughout the world on a yearly basis and is renowned throughout North America, Asia, Europe and the Middle East for exceptional design and community planning.
Greenbriar was further supported by city staff, businesses, the real estate industry and the community at large for Greenbriar bringing to Tehachapi a housing solution that addresses the growing need for correctly priced housing in the heart of America's aviation community, including the historical and famous Edward's Air Force Base, Northrop Aerospace, Space-X, Virgin Galactic and many of the world's leading aviation titans, all located within 20 to 40 miles from Sage Ranch.
Tehachapi was named the safest city in Kern county, and at a 4,000-foot elevation, Tehachapi has a snow-based winter season, located 90 miles northeast of Los Angeles and the warm beach communities.
Greenbriar's next task is to complete the negotiations with several large business and governmental agencies to lease most of the development under long-term lease arrangements to benefit employees relocating to this hub of aviation excellence.
About Greenbriar Capital Corp.
Greenbriar is a leading developer of renewable energy, sustainable real estate, real estate blockchain and artificial intelligence. 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.
© 2019 Canjex Publishing Ltd. All rights reserved.
Oddollar
5 years ago
2019-02-11 06:17 ET - News Release
Mr. Jeff Ciachurski reports
GREENBRIAR TO INITIATE TWO FOR ONE FORWARD STOCK SPLIT
The management of Greenbriar Capital Corp. will undertake a reorganization of Greenbriar's capital structure by way of statutory arrangement pursuant to the Business Corporations Act (British Columbia) resulting in each existing share of Greenbriar being split into two shares comprising one share in the existing company plus one additional share in a new public company holding the Montalva solar assets and any new renewable energy projects.
The proposed reorganization is being viewed as a way to provide greater market awareness and business opportunities of Greenbriar's solar energy projects, which will be transferred to SpinCo, while Greenbriar will retain all remaining assets and business interests it currently holds. Management believes that the separation of Greenbriar's solar energy assets from Greenbriar's remaining assets will provide both Greenbriar and SpinCo with increased flexibility to utilize and exploit their respective assets. Management also feels that by separating its assets into two companies and providing shareholders with proportionate interests in those companies, shareholder value will be increased.
Under proposed terms of the arrangement (and without getting into too much detail), Greenbriar's common shares will, on the date the arrangement becomes effective, be restructured into new common shares and reorganization shares. On the effective date, each shareholder will receive an equal and proportionate number of new common shares of Greenbriar and a proportionate number of reorganization shares for each share of Greenbriar held on the effective date. The reorganization shares will eventually be exchanged so that Greenbriar shareholders will receive additional shares of Spinco. It is contemplated that SpinCo will apply to have its shares listed on the TSX Venture Exchange following completion of the arrangement.
SpinCo may either be financed by project-level financing, a prospectus financing or a private placement on negotiated terms of a price for the financing of Spinco. Greenbriar could be eligible for common shares and/or warrants of SpinCo as a bonus for the arrangement.
On the effective date, all currently outstanding options and warrants will be adjusted and the options and warrants shall be separated so as to be exercisable separately into new common shares and SpinCo common shares on the same proportionate basis as that contemplated under the arrangement. The expiry dates of options and warrants and other material terms thereof shall not be affected by the arrangement.
Greenbriar will request shareholder approval to special resolutions which would have the effect of authorizing the board of directors to complete a reorganization of Greenbriar's shares (and resulting amendments to Greenbriar's notice of articles) by creating and authorizing the issuance of an unlimited number of new common shares and the creation and authorization of the issuance of an unlimited number of reorganization shares as part of Greenbriar's authorized share capital. Shareholder approval will also have to be obtained to approve the arrangement. As well, the arrangement requires court approval under the Business Corporations Act. An interim court order will have to be sought as well as a final court order. Finally, as Greenbriar and SpinCo will ultimately be listed on the TSX Venture Exchange, the reorganization will subject to regulatory approval by the TSX Venture Exchange.
There are a significant number of moving parts in this process, but based on managements initial review of the proposed transaction, the company estimates that the fees for the reorganization will be in the range of $70,000 to $80,000 and the time frame for completion (assuming no unexpected regulatory obstacles) will be approximately four to six months.
About Greenbriar Capital Corp.
Greenbriar is a leading developer of renewable energy, sustainable real estate, real estate blockchain and artificial intelligence. 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.
© 2019 Canjex Publishing Ltd. All rights reserved.
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