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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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May
28

Gorilla & CNRP Mining Announce 30% Increase in Elmtree Gold Resource

2012  Author:   

Vancouver, BC (May 28, 2012) – Gorilla Resources Corp. (the “Company”) is pleased to announce that the Company and CNRP Mining Inc (‘CNRP”), who previously agreed to conclude a reverse take-over transaction (“RTO”), have now received a new NI 43-101 report from Micon International Limited (“Micon”) on the Elmtree Gold Project (“Elmtree”) in New Brunswick which CNRP has agreed to purchase. Simultaneous with the RTO, CNRP is acquiring 100% of Elmtree, 60% from Castle Resources Inc. and 40% from Stratabound Minerals Corp.

The Micon resource estimate shows an increase in the gold resource of about 30%. Elmtree hosts at least three gold-bearing zones, and the updated report shows 1,611,000 indicated tonnes grading 1.91 g/t gold (99,000 ounces gold) and 2,053,000 inferred tonnes grading 1.67 g/t of gold (110,000 ounces of gold) in the West Gabbro Zone, with 2,367,000 inferred tonnes grading 0.74 g/t in the South Gold Zone (56,000 ounces of gold), 700,000 inferred tonnes grading 1.25 g/t in the Discovery Zone (29,000 ounces of gold). The cut-off grade used for the West Gabbro Zone and the Discovery Zone is 0.5 g/t Au and that for the South Gold Zone is 0.3 g/t Au.

The Company has filed a copy of the updated NI 43-101 report (the “Technical Report”) titled “Technical Report on the Mineral Resource Estimate for the Elmtree Gold Property, Gloucester County, New Brunswick, Canada” on SEDAR at www.sedar.com under the SEDAR profile of the Company. The Company also announces that it has filed on SEDAR a copy of the forms of proxy and the information circular (the “Circular”) which are being mailed to shareholders in connection with a shareholders meeting to be held on June 21, 2012 to approve the RTO and other related matters. Additional details about the RTO and related matters can be found in the Circular.

Charley Z. Murahwi, P. Geo., FAusIMM, one of the authors of the Technical Report, is the Qualified Person responsible for the scientific and technical work (as defined under National Instrument 43-101) discussed in this press release, and has reviewed and approved the content of this press release. Mr. Murahwi is independent of all parties to this transaction.

On behalf of the Board of directors:
“Scott Sheldon”
Scott Sheldon
President, CEO and Corporate Secretary
Gorilla Resources Corp.

For further information please contact the Company’s President, Scott Sheldon, at (604) 725.1857or contact@gorillaresources.com, or Danny Wettreich, CEO, CNRP MINING INC. at (972) 612.1400 or dw@churchillnrp.com.

Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the expected RTO and statutory arrangement to be completed by Gorilla Resources Corp. and the name change that is expected to occur in connection with and subsequent to completing the RTO. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CNSX has not reviewed, approved or disapproved the content of this press release

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