GreenBank Capital’s Strategic Private Placement

GreenBank Capital (TSE:GBC) has released an update.

GreenBank Capital has announced a revised private placement offering of $1.25 million, consisting of 25 million units priced at $0.05 each, to expedite the company’s goal of becoming debt-free. The offering includes both ‘Hard’ dollar units and ‘Flow through’ units, with an additional debt settlement plan to eliminate around $450,000 in debt, including amounts owed to directors and officers. The company aims to complete these financial maneuvers by the end of May 2024 as part of its aggressive investment support strategy.

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