Welcome to Danny Wettreich's official Website

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 ...

Read More

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. ...

Read More

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 ...

Read More

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 ...

Read More

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 ...

Read More

hello
Dec
17

GreenBank Capital Soars On Launch Of Two New Bitcoin-Investing Companies

2013  Author:   

Published on Tuesday, December 17, 2013 at 12:04pm

GreenBank Capital (CNSX:GBC) shares more than doubled in value on Tuesday after launching two new subsidiaries designed to invest in bitcoin, the digital crypto-currency, and bitcoin startups.

The company said Bitcoin Canada Investments will invest exclusively in the currency, which is created and held electronically, with no single institution controlling the bitcoin network. Meanwhile, Bitcoin Angel Capital will seek to invest in early-stage bitcoin and other crypto-currency-focused companies.

“I believe that Bitcoin is in the early stages of becoming a revolutionary payment medium, and GreenBank intends to be actively involved as a Bitcoin incubator and investor,” said GreenBank CEO Danny Wettreich.

The currency has been falling of late as the asset faces more obstacles from Chinese regulators. The price of bitcoin reached more than $1,200 earlier this month, but at the time of writing, was trading at about $722, following reports that officials at the central bank of China told third-party payment processors to stop working with bitcoin exchanges.

Wettreich said he is planning to raise up to $5 million through a private placement of debentures to secure funds for the new subsidiaries. The debentures will be convertible into 90% of Bitcoin Canada and Bitcoin Angel common shares.

The corporate finance firm has already entered into management agreements with both companies to manage the bitcoin investment portfolio, it said, for a fee equal to 10% of the portfolio appreciation.

Management is also planning to spin off a portion of both these subsidiaries to GreenBank shareholders, and apply to list the new entities on the Canadian National Stock Exchange.

Shares of GreenBank jumped 150% to 15 Canadian cents Tuesday afternoon.

Shared via “GreenBank Capital Soars On Launch Of Two New Bitcoin-Investing Companies“.

Leave a Reply

Categories
  • About Danny