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GreenBank's Affiliate Ubique Minerals Commences Drilling Program

Toronto, Ontario, August 21, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that, following the receipt of all permits, its 28% owned affiliate Ubique Minerals Limited (“Ubique”) has commenced a drilling program on its Daniel’s Harbour zinc property in Newfoundland. A minimum of 6 holes have been scheduled to be drilled, with the possibility of expansion of the program to include additional holes. The primary objectives of the drilling ...

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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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Apr
17

CNRP Mining to Acquire 40% Balance of Elmtree Gold Project

2012  Author:   



Vancouver, British Columbia CANADA (April 17, 2012) – Gorilla Resources Corp. ( CNSX:GOA) (“Gorilla” or the “Company”) is pleased to announce that it’s proposed Reverse Take Over transaction (“RTO”) with CNRP MINING Inc (“CNRP”) a private company incorporated in British Columbia, the controlling shareholder of which is Danny Wettreich, will now be expanded to include a 100% ownership interest in the New Brunswick based Elmtree Gold property (“Elmtree”). Gorilla and CNRP are currently in negotiations to conclude a definitive agreement regarding the proposed RTO.
It is anticipated that a term of the RTO will be that CNRP acquire from Castle Resources Inc. all rights, title and interest to an option agreement (the “Castle Option Agreement”) executed between Castle and Stratabound Minerals Corp (“Stratabound”) whereby Castle can acquire up to a 70% interest in Elmtree.

CNRP has now signed a non-binding Letter of Intent with Stratabound to acquire all its rights, title and interest in Elmtree, including all it’s interest in the Castle Option Agreement. It is anticipated that upon closing of the RTO, CNRP will issue to Stratabound shares of CNRP that will be converted into 10,000,000 shares of Gorilla. CNRP will also pay $300,000 cash payable $100,000 at closing, $100,000 on the six month anniversary of the RTO, and $100,000 on the twelve month anniversary of the RTO. Stratabound will undertake to dividend all the Gorilla shares it receives to the shareholders of Stratabound (the “Stratabound Dividend”) on or about the time of the RTO, and until such time as the Stratabound Dividend occurs Stratabound will assign all it’s voting rights to Danny Wettreich the CEO of CNRP and the proposed CEO of Gorilla. Should the Stratabound Dividend not occur by the 24 month anniversary of the RTO then the voting rights on the Gorilla shares will revert back to Stratabound.

After the RTO, Gorilla will have a total number of shares in issue of 63,844,481. Closing of the transactions shall be done in accordance with all applicable securities rules

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