GREENBRIAR CAPITAL CORP. ANNOUNCES SMART GLASS PARTNER GAUZY RECEIVES INVESTMENT FROM FORTUNE 500 COMPANY

Mr. Jeffrey Ciachurski reports

2017-10-04 02:15 ET - News Release

Avery Dennison, a Fortune 500 materials science and manufacturing company, has made a significant investment in Smart Glass leader, Gauzy, which recently agreed to allow Greenbriar Capital Corp. to sell, market and distribute its Smart Glass products in Canada. Gauzy has successfully commercialized several "smart glass" products, including an embedded switchable window film that can alternate from clear and frosted with the touch of a button.

The two companies will collaborate on a retrofit version of Gauzy's switchable window film, which would add to Avery Dennison's window film product portfolio.

Greenbriar is also entitled to sell the entire suite of Gauzy Smart Glass products into any other country of the world if the sales are being made to a subsidiary of an entity which has its principal place of business or head office located within Canada. Greenbriar's CEO Jeff Ciachurski says, "Gauzy's collaboration with such a world class leader as Avery Dennison enhances our opportunity to capitalize on this exciting new venture. "

 

About Greenbriar Capital Corp.

Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects. 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.



Greenbriar Capital acquisition of 2587344 Ontario

2017-09-27 17:48 ET - Acquisition

The TSX Venture Exchange has accepted for filing a share exchange agreement dated Aug. 21, 2017, whereby Greenbriar Capital Corp. is acquiring all of the shares of 2587344 Ontario Inc. Pursuant to the terms of the agreement, the company is issuing 2.5 million shares at a deemed value of 85 cents per share for total consideration of $2,125,000. 2587344 Ontario is a private company which holds the exclusive Canadian sales, distribution and marketing rights for Smart Glass energy products.

The transaction is arm's length.

For further information, please see the company's news releases dated July 18, 2017, and Sept. 25, 2017.



Greenbriar Capital Corp Announces the Closing of the Previously Announced Acquisition of a Smart Glass Company

VANCOUVER, Sept. 25, 2017

Toronto Venture Exchange Symbol: "GRB"

Issued and Outstanding: 16,969,647

VANCOUVER, Sept. 25, 2017 /CNW/ - Greenbriar Capital Corp ("Greenbriar") is pleased to announce the approval from the Toronto Venture Exchange for the closing of the previously announced acquisition of an Ontario based private company (the "Target") which holds the exclusive Canadian sales, distribution and marketing rights for the entire suite of game-changing Smart Glass energy products, developed and built by Gauzy of Tel-Aviv, Israel (the "Acquisition").

In addition, Greenbriar will be entitled to sell the entire suite of products into any other country of the world if the sales are being made to a subsidiary of an entity which has its principal place of business or head office located within Canada.

In connection with the Acquisition, Greenbriar issued 2,500,000 common shares in the capital of Greenbriar for a deemed value of CAD$2,125,000 to shareholders of the Target. There is a six (6) month mandatory hold period for the shares.

About Gauzy

For a visual presentation of the many ways Gauzy has created Liquid Crystal Glass for all of us to enjoy, please go to: https://www.youtube.com/watch?v=mrQlW1oRUns  

About Greenbriar Capital Corp.

Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects. 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.

 

ON BEHALF OF THE BOARD OF DIRECTORS

"SIGNED"

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.

Jeffrey J. Ciachurski, Chief Executive Officer and Director, TELEPHONE: 949.903.5906, FACSIMILE: 604.608.9572Copyright CNW Group 2017



GREENBRIAR CAPITAL CORP ANNOUNCES NEW DIRECTOR

Greenbriar Capital Corp., subject to Toronto Venture Exchange approval, will appoint Bill Sutherland, PEng, to its board of directors.

Mr. Sutherland, recently retired, was vice-president and senior managing director at Manulife Financial where he headed the firm's project finance and infrastructure team. He and his team at Manulife have been leading arrangers and providers of debt and equity financing to the independent power sector for over 18 years. He is a seasoned corporate banker with over 37 years of business development, relationship management, and corporate and project finance experience.

Mr. Sutherland started as an analyst within Bank of Nova Scotia's international corporate finance group in 1980 where he focused on project finance. He later created and led project and corporate finance teams at Chase Manhattan Bank, Mitsubishi Bank and Deutsche Bank where he specialized in financing projects and mergers and acquisitions within the mining and metals, forestry, oil and gas, pipeline, and power sectors. In 1998, Mr. Sutherland acted as a consultant to Barrick Gold Corp. as Barrick explored the possibilities of creating a mine finance business in competition with the major commercial banks. Mr. Sutherland joined Clarica Life Insurance Company in 1998 where he created and headed a project finance team dedicated to financing power and infrastructure projects in Canada. Following its success in the Canadian market, the group broadened its focus and became a pioneering and leading arranger and provider of financing to the Canadian and U.S. wind power industries. The team moved to Manulife in 2002 and since that time expanded its leadership role within the Canadian independent power and U.S. renewable power markets. Mr. Sutherland is a professional engineer (AEPO) and holds a BSc (mechanical engineering) and MBA from Queen's University, Kingston.

Jeff Ciachurski, chief executive officer of Greenbriar, states: "We are delighted to have a person of Bill's calibre join our board of directors. Bill is highly regarded throughout the entire renewable energy and project finance business and brings great capability to the Greenbriar team. Bill enhances our goals to benefit the shareholders and the communities in which we serve."

The company will issue 250,000 share purchase options at $1.20 per share for a period of five years.

About Greenbriar Capital Corp.

Greenbriar Capital is a leading developer of renewable energy and sustainable real estate projects. 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 Capital Files US $150 Million DOE Loan Guarantee

Vancouver, British Columbia (FSCwire) - Greenbriar Capital Corp. (the “Company” or “Greenbriar”) is pleased to announce filing with the US Department of Energy (“DOE”), a loan guarantee application for US $150 Million, pursuant to Solicitation No. DE-SOL-0007154, dated July 3, 2014 and amended November 29, 2016. Greenbriar has met all mandatory requirements for filing as specified in the Solicitation including all the materials and attachments. Our Part I submission Application Fee of US $50,000 was wired per the instructions on 01/16/2017.

We intend to submit our complete Part II submission on or before the due date for the Part II reviews as set forth in Section IV.A of the Solicitation as amended. Based on the Application process described in the Solicitation, we are prepared to close the financing on or about December 15, 2017 and begin construction on the 100 MW Montalva Solar project with a contract value of US $1.9 Billion over 35 years.

The DOE Loan Guarantee program is funded with US $40 Billion for credit support to eligible renewable energy and clean energy projects utilizing state of the art technology. The program provides a US Federal Guarantee on all project debt obligations, drastically lowering financing costs to US Treasury yield rates, plus a small spread of between 100 to 140 basis points. The program further lowers closing and legal costs.

Greenbriar closed the second and final tranche of a non-brokered private placement financing of convertible debentures (the "Debentures") that was announced on October 11, 2016. The gross proceeds to the Company from this second tranche was $150,000. As disclosed in the Company’s earlier news release, the Debentures have a maturity date of 3 years from the date of issue (the "Maturity Date"), bear interest at a rate of 8.0% per annum payable semi-annually and will be convertible into units of the Company at the holder's option at a conversion price of $1.00 per unit at any time prior to the Maturity Date. Each Unit is comprised of one common share of the Company and one- half of one common share purchase warrant, each whole warrant entitling the holder to purchase one common share of the Company at a price of $1.50 per share for a period of three years from the date of issuance of the Debenture. A Finder’s fee of 5% payable in cash ($3,750) and 5% payable by the issuance of warrants (3,750) was paid to PI Financial Corp.

The Debentures, any shares issued upon the conversion of the Debentures into Units, and any shares issued upon the exercise of any Warrants comprising the Units are subject to a hold period expiring at midnight on May 13, 2017.

About Greenbriar Capital Corp.

Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects. 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.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“SIGNED”

Jeffrey J. Ciachurski

President, Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of thisrelease. 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 m a y 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.

 

Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.

 

I mportant factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the development and potential development of the Company’s projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, the availability of tax incentives in connection with the development of renewable energy projects and the sale of electrical energy, as well as those factors discussed in the sections relating to risk factors discussed in the Company’s continuous disclosure filings on SEDAR. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/greenbriar01172017.pdf



Court Ordered Damage Expert Values Montalva at US $178.2 Million

Court Ordered Damage Expert Values Montalva at US $178.2 Million

Vancouver, British Columbia. (FSCwire) - Greenbriar Capital Corp. (the “Company” or “Greenbriar”) is pleased to announce the results of a Court ordered damage report prepared by Dr. Leonardo Giacchino, Adjunct Professor of Law at the Washington College of Law, American University.

Using the Discounted Cash Flow (“DCF”) method, Greenbriar had foregone a profit between $119.0 million and $247.0 million in July 1, 2017 dollars. The most likely value within that range of profits is of $198.1 million in July 1, 2017 dollars.

In the case of the Comparables method, a MW is valued between $806,852 and $2,367,250, which places the 100 MWs at between $80.4 million and $236.0 million in July 1, 2017 dollars, with a mid-point of $158.2 million.

The range of damages calculated with the DCF method overlaps with the range of values of the Comparables method. Combining both methods and keeping the overlapped values, as shown in Table 1, the first part of damages range between $119 million and $236 million, with a most likely value of $178.2 million giving each method equal weights.

Table 1: Summary of Damages to Greenbriar

Item

Values in July 1, 2017 Dollars

Lower Bound

Most Likely

Upper Bound

Montalva Damages

 

DCF

(a)

118,970,052

198,132,337

247,005,316

Comparables

(b)

80,426,983

158,197,222

235,967,461

Overlap

(c)

118,970,052

178,164,779

235,967,461

Greenbriar is pleased with this court ordered report. We look forward to a successful conclusion for our shareholders, either by way of a final court order, or a bilateral settlement by the new administration to honor our binding US $1.9 billion contract. The full report is available at www.greenbriarcapital.com

 

About Greenbriar Capital Corp.

Greenbriar Capital Corp. is a leading developer of renewable energy and sustainable real estate projects.  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.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“SIGNED”

Jeffrey J. Ciachurski

President, 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.

 

Forward‑looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward‑looking information or statements.  

 

Important factors that could cause actual results to differ from these forward‑looking statements include but are not limited to: risks related to the development and potential development of the Company’s projects, the ability of RESIC to complete the Mandate, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, the availability of tax incentives in connection with the development of renewable energy projects and the sale of electrical energy, as well as those factors discussed in the sections relating to risk factors discussed in the Company’s continuous disclosure filings on SEDAR.  There can be no assurance that any forward‑looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, the reader should not place any undue reliance on forward‑looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward‑looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.