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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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Jun
11

Zara Responds To Visible Press Release

2013  Author:   

Toronto, Ontario, June 11, 2013 – Zara Resources Inc. (CNSX: ZRI) (“Zara”) announces its response to the press release made yesterday by the Directors of Visible Gold Mines Inc. (TSXV: VGD) (“Visible”) which advised Visible shareholders to take no action in respect of the offer made by Zara to purchase shares of Visible (the “Offer”). The Visible press release does not address the main point that should concern all Visible shareholders, namely the 96% decline since October 2010 in the value of Visible shares. The management and directors of Visible have to take responsibility for this dismal
performance.

The Visible press release states that Zara wants to acquire Visible shares in order to exercise influence over Visible. Certainly that is Zara’s intention, and together with other shareholders Zara will act to replace the current directors and management in order to increase Visible shareholder value to the benefit of all the Visible shareholders.
Despite efforts to make contact with the Visible Board of Directors, Zara has received no reply to its email and fax communications seeking discussions. This leaves Zara with no alternative but to proceed with calling for a special meeting of shareholders to replace the current Visible Board of Directors, which it now intends to do.

Danny Wettreich, the CEO of Zara commented “The Zara Offer represents a 125% premium to the price of Visible shares prior to the Offer. Long suffering Visible shareholders who have lost nearly all of their investment over the last few years, have witnessed millions of dollars being spent by the current Visible directors on unproductive expenditures. Visible shareholders will now be given an opportunity to replace the current Visible directors with Zara’s nominees. To improve the value of their investment, Visible shareholders should either tender their shares to Zara or support Zara’s nominees for the proposed new board of directors.”

Zara has established a website at www.ZaraVisibleSupportTheNewBoard.com which has information on the proposed new Visible board of directors, the reasons why shareholders of Visible should support the new board, a video presentation of the Offer and full Offer documentation.

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.

For Further Information please contact:

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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