Financing ·
Greenbriar arranges non-brokered private placement of 2.2M units for CDN $990,000
GEBRFGreenbriar Sustainable Living Inc.
Greenbriar Sustainable Living Inc. has arranged a non-brokered private placement of 2,200,000 units at CDN $0.45 per unit, raising total proceeds of CDN $990,000. Each unit consists of one common share and one full common share purchase warrant exercisable at CDN $0.55 for 36 months. Proceeds will fund Sage Ranch engineering costs to file final construction permits. The CEO and President are cash funding 1 million and 200,000 units respectively. The transaction is subject to TSX Venture Exchange and Board approval. Separately, the company anticipates converting CAD $6.5 million to $8 million in debt into convertible preferred shares at CAD $1.00 per share following AGM approval. Greenbriar Sustainable Living Inc. is a developer of sustainable real estate and renewable energy projects.