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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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War Eagle Corporate Update

2012  Author:   


VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 15, 2012) – War Eagle Mining Company Inc. (TSX VENTURE:WAR) (“War Eagle” or the “Company”) provides an update on its corporate activities and business development strategy.

Private Placement

As previously disclosed, the Company planned to raise gross proceeds of $194,250 by way of a non-brokered private placement offering of the Company’s common shares in which Mr. Danny Wettreich would be the sole subscriber subject to his appointment as a director and the approval of the TSX Venture Exchange. The TSX Venture Exchange has conditionally approved the appointment of Mr. Wettreich, however the Company’s board of directors has not yet been able to comply with all regulatory requirements. Accordingly, Mr. Wettreich has not yet been appointed to War Eagle’s board of directors. The board is currently reviewing alternative options for Mr. Wettreich and his potential involvement with the Company.

Andromeda Resources Inc.

The Company has also been in discussion with Andromeda Resources Inc. (“Andromeda”) to resume the previously announced reverse takeover transaction, which shareholders approved at the Company’s December 2011 annual general and special meeting. Andromeda had negotiated an amendment to the purchase agreement to acquire the Terrazas zinc-copper property and was granted an extension to May 31, 2012 subject to certain conditions. However, the current state of equity markets prevented Andromeda from raising sufficient funds to make the required payment and satisfy the financing condition of the transaction agreed to with the Company.

Other Initiatives

War Eagle is actively reviewing potential projects for its two key assets: the Tres Marias zinc-lead project located in Mexico and the MAC tantalum-tin-lithium property located in the Northwest Territories. It continues to seek complementary zinc-lead resources that it can operate in conjunction with Tres Marias with a view to spreading costs over a broader base of activity and, ideally, sharing processing facilities. The Company also believes that the MAC property has potential, based on review of drill results and modelling work performed over time, but a relationship with a processor or consumer will be required to justify development. The Company has not yet reached a final decision regarding development plans for either of these properties. As previously disclosed, the Company has optioned its George’s Lake gold property to a third party.
The Company has sufficient cash to fund its immediate needs but will need to raise funds in the near future to continue its business initiatives.

Director Resignation

Mr. Don Padgett resigned from the board of directors of the Company effective June 12, 2012. War Eagle thanks Mr. Padgett for his contribution to the Company as a director and wishes him success in future endeavours. As a result of Mr. Padgett’s resignation, a casual vacancy on the board of directors has been created and the board of directors now consists of three directors.

About War Eagle

War Eagle Mining Company Inc. is an experienced mineral exploration company publicly traded since 1987 and listed on the TSX Venture Exchange under the symbol WAR. The Company is in the exploration phase of the Tres Marias zinc-lead project in Mexico. Tres Marias is a former producing high-grade zinc and germanium mine that first produced ore in 1949.

This news release was prepared by management of War Eagle, which takes full responsibility for its contents.

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