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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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Jul
02

Zara Exposes Stalling Tactics Of Directors Of Visible

2013  Author:   

Toronto, Ontario, July 2, 2013 – Zara Resources Inc. (CNSX: ZRI) (“Zara”) states that the directors of Visible Gold Mines (TSXV: VGD) (“Visible”) are engaging in stalling tactics to avoid the wrath of their shareholders.

“The directors of Visible are grasping at any perceived technicality to avoid a shareholder vote which will inevitably lead to their replacement,” said Danny Wettreich, CEO of Zara.

On June 12, 2013, Danny Wettreich, a 5% shareholder of Visible, requisitioned a shareholders meeting for the purposes of replacing the current Visible Board. On June 28,2013, after delaying 14 days, Visible acknowledged receipt of the requisition but has refused to call the shareholders meeting claiming the requisition is technically deficient for non-delivery to each director of Visible at the directors’ home. The requisition was properly delivered to the current directors at the registered office of Visible.

Mr. Wettreich continued: “The current Visible Board, which collectively owns only 1.6% of Visible, is engaging in unacceptable stalling tactics designed to perpetuate the current board’s entrenchment, allowing them to continue to enrich themselves at the expense of the company’s shareholders. The current Visible Board has a statutory and fiduciary obligation to call a shareholders meeting without further delay to be held as soon as possible to permit shareholders to have their say. The directors have received $769,585 in fees while Visible shares have collapsed 96% and shareholders deserve a chance to vote for a new board of directors. If the current Board fails to call a shareholders meeting within the required time, I have the option of calling the meeting myself as prescribed by the Canada Business Corporations Act.”

Zara has offered to purchase up to 19.9% of Visible at a premium of 125% from the market price and has posted the Offer and related documents on its website at www.ZaraVisibleSupportTheNewBoard.com. Also on this website are shown the reasons why the Visible shareholders should vote to replace the current Visible board with new directors proposed by Zara.

About Zara Resources
Zara is a Toronto based mineral company developing its Forge Lake gold project and its Pigeon River nickel-copper project in Ontario, Canada, as well as the acquisition and development of other Canadian natural resource properties.

For more information please see www.zaravisiblesupportthenewboard.com or contact Danny Wettreich at (647) 931 9775 or dw@zaravisiblesupportthenewboard.com.

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Zara Resources Inc. The forward-looking informational 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 informational, 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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