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GreenBank to Acquire 15% of Veterans Financial Group

Toronto, Ontario, August 14, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that GreenBank has agreed to acquire 15% of Veterans Financial Group LLC (“Veterans”), a Portsmouth, Ohio, USA based insurance agency providing insurance services to veterans, families and businesses. GreenBank will pay $57,000 for a 15% interest in Veterans, payable $25,000 in cash and $32,000 by the issuance of 32,000 $1 Non-Voting 5% Preference Shares Series C. ...

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GreenBank Updates Its Merchant Banking Focus and Seeks To Make Further Small-Cap Investments

Toronto, Ontario, August 1, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF ("GreenBank or the Company") announces that it has completed an internal review of its merchant banking activities and reaffirms that its continuing focus will be the further development of its investment portfolio and its merchant banking business. GreenBank is seeking other small-cap investment opportunities, and welcomes approaches from aspiring private companies. During the last six months, and upon the completion of the proposed distribution ...

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GreenBank Signs Letter of Intent to Acquire 14% of Slabdeck

Toronto, Ontario, July 27, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) ("GreenBank or the Company") announces that it has signed a Letter of Intent (“LOI”) to acquire 14% of Slabdeck Technology Inc (“Slabdeck”), a Canadian company that owns 100% of Slabdeck, a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication. Slabdeck resolves the challenge of having to use numerous apps to find items of interest. The Slabdeck mobile application is ...

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GreenBank Distribution Adjustment

Toronto, Ontario, July 14, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces an adjustment to the ratio of shares comprising the distribution previously announced on July 5, 2017. As a result of the exercise of incentive stock options by directors previously announced on July 7, 2017, the number of issued and outstanding shares of the Company have increased. Accordingly, for every one GreenBank common share on the Record Date ...

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GreenBank Directors Exercise Options

Toronto, Ontario, July 7, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that effective July 6, 2017 a total of 300,000 incentive stock options were exercised by two directors of the Company for total proceeds of $56,000. There are now 24,665,793 common shares of the Company issued and outstanding. Separately, the Company announces that Ryan Hunter has resigned as a director of the Company with effect from July 6, 2017. The ...

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Jul
13

Churchill Natural Resource Partners Offers $4 Million to St. Eugene for Mine

2011  Author:   

Churchill Natural Resource Partners Offers To Buy Tartan Lake Mine From St. Eugene For $4,000,000 Plus 1% NSR

DALLAS, July 13, 2011 /CNW/ – Churchill Natural Resource Partners, LP (“Churchill”) a private equity firm based in Dallas, Texas, announced today that it has conditionally offered to purchase 100% of the Tartan Lake Mine gold property (“Tartan”) from St. Eugene Mining Corporation (TSX Venture: SEM) (“St. Eugene”) for a cash payment of $4,000,000 and a net smelter return royalty (“NSR”) of 1% of production recovered from Tartan.

On June 30, 2011, St. Eugene announced that it had executed a Letter of Intent with Churchill for a private placement of $12,000,000 to be used to develop Tartan, and among other matters, for Danny Wettreich, the Managing Partner of Churchill, to be appointed Chairman and Chief Executive Officer of St. Eugene. Only four working days later, St. Eugene issued a press release stating it had “suspended” the transaction in order to “investigate the potential of revised terms acceptable to key shareholders”.

On July 11, 2011 Claude Resources Inc (TSX-CRJ) (“Claude”) issued a press release disclosing that it had approached St. Eugene with a proposal to acquire 100% of St. Eugene. On July 12, 2011, St. Eugene advised Churchill that due to the proposal from Claude it was not going to discuss the Churchill proposal relating to Tartan until the situation with Claude was resolved. Also on that day, St. Eugene issued a further press release “terminating” the transaction with Churchill.

“I am disappointed with the way the proposed transaction with St Eugene was terminated, but Churchill remains interested in pursuing it’s offer to purchase Tartan,” said Danny Wettreich, Managing Partner of Churchill.

Churchill is a private equity firm based in Dallas, Texas focused on investing in small publicly listed natural resource companies, and provides intellectual capital as well as equity capital when it makes investments.

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