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SOURCE Greenbriar Capital Corp.
Toronto Venture Exchange: Symbol: GRB
Issued and Outstanding: 10,943,500
VANCOUVER, March 4, 2013 /PRNewswire/ - (Toronto Venture Exchange symbol "GRB")
Greenbriar Capital Corp. (the "Company" or "Greenbriar") is pleased to
announce that it has entered into negotiations for a 100-MW solar power
purchase agreement in the Commonwealth of Puerto Rico.
Greenbriar also wishes to announce that it has entered into escrow to
sell its 650-lot subdivision in the State of California. Upon close of
the transaction and receipt of proceeds, scheduled for 90 days,
Greenbriar will have enough funds to finance its ongoing initiatives to
acquire solar properties in Puerto Rico, without having to issue
shares.
Jeff Ciachurski, CEO of Greenbriar states "we are very pleased to be
acquiring projects in Puerto Rico where the production of renewable
energy greatly reduces the island's dependency on foreign oil.
Currently, 74% of the electricity generated in Puerto Rico comes from
the use of crude oil. This is a win-win situation for both Greenbriar
and the citizens of Puerto Rico."
ON BEHALF OF THE BOARD OF DIRECTORS
"SIGNED"
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release constitute "forward-looking
statements" under applicable securities laws, which involve known and
unknown risks, uncertainties and other factors that may cause actual
results to be materially different from any future results, performance
or achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "intends", "projects", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. Such statements in this news
release include, but are not limited to, the Company's discussion
concerning the Offer. These statements are based on management's
current expectations and beliefs and actual events or results may
differ materially. There are many factors that could cause such actual
events or results expressed or implied by such forward-looking
statements to differ materially from any future results expressed or
implied by such statements. Such factors include, but are not limited
to, the state of the Company's business activities and various factors
discussed in the Company's annual report and annual information
contained in the Company's 20F Annual Report filed with the United
States Securities and Exchange Commission and securities regulators in
Canada. Forward-looking statements are based on current expectations
and the Company assumes no obligation to update such information to
reflect later events or developments, except as required by law.
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