TSX.V Symbol: "GRB"
Issued and Outstanding:
12,465,227
NEWPORT BEACH, CA, April 27, 2015 /CNW/ - Greenbriar Capital Corp.
(TSXV: GRB) (OTC: GEBRF) is pleased to announce its partnership
with Atherton Pacific Green ("APG")
of Newport Beach California for
engineering, procurement, and construction of the 100 MW "Smart
Grid" Montalva Photovoltaic Solar Project located in Puerto Rico, USA. Greenbriar has also retained CV
Brokerage Inc. ("CV Brokerage") of the Philadelphia area as its financial advisor to
arrange project financing for the Solar Project. Financial
close for this project will be subject to the usual and customary
due diligence for a solar project of this size as well as third
party approvals. CV Brokerage will arrange a conventional
project capital structure comprising of senior lenders, tax equity
investors and appropriate subordinate mezzanine lenders wherever
needed. Greenbriar will build and own 100% of the project. The
annual production is estimated at 240 million kwh per year and
about $60 million in annual
revenues.
APG will collaborate with Greenbriar by providing industry
leading solar, storage, and smart grid technical oversight.
In this regard, Jane Wu, CEO
of APG with over 20 years of clean tech experience, will be
providing technical peer review and expertise necessary for a solar
project of this importance and magnitude to reach completion.
Greenbriar Capital Corp. has engaged CV Brokerage, a U.S.
registered broker-dealer, as its corporate financial advisor in
connection with the placement of units in the common stock of
Greenbriar Capital Corp at various prices beginning at $1.50 per unit. Each unit comprises of one
common share and one-half share purchase warrant entitling each
full warrant to be convertible into a common share at $1.75 per share for a period of 5 years from the
date of issuance.
Jeff Ciachurski, CEO of Greenbriar Capital Corp states: "we
are delighted to have APG join the project. Montalva is a
fully integrated large utility scale (up to
146 Megawatt dc - 100 Megawatt ac) solar photovoltaic
project with storage and smart grid solution.
The size and sheer output of this project will be the largest
in the Caribbean, providing the
citizens of Puerto Rico with a
source of inexpensive, reliable, and clean renewable energy for
decades to come, offsetting expensive and dirty oil based
generation that has been plaguing the Island for over half a
century."
Jane Wu, states: "I am
thrilled to be collaborating with Greenbriar on this
exciting project. With the best solar irradiation on the
Island and available superior technology, the Montalva project is a
showcase for both the people of Puerto
Rico and the stakeholders of Greenbriar Capital
Corp."
About Atherton Pacific
Green
Atherton Pacific Green is a
global renewable energy and smart city management firm along with
vertically integrated solutions from manufacturing to design and
installation to handheld energy management and monitoring.
APG is a technology leader that is changing the way
homeowners, businesses and governments use electricity and strives
to be the "low cost leader with disruptive technology". APG's
expertise is turn-key renewable smart system - the science, the
technology, and the product.
About CV Brokerage
CV Brokerage Inc. is a 100% woman-owned broker-dealer
specializing in agency only, best execution services for companies,
institutions, fund of funds, hedge funds, pensions, endowments,
foundations and high net worth investors. CV Brokerage
works closely with its clients to understand their goals and
implement their strategies in multiple asset classes from
a single platform, while placing their needs at the forefront of
market activity. CV Brokerage combines industry credentials
(including FINRA membership), extensive experience,
responsive client service and dedicated commitment to
obtaining the full measure of worth for its clients. CV
Brokerage delivers a high level of service, principled
professionalism, confidentiality and
a willingness to fully commit the firm to achieving its
clients' goals. The Women's Business Enterprise National
Council has certified CV Brokerage.
About Greenbriar Capital Corp.
Greenbriar Capital Corp is a leading specialized developer of
renewable energy and sustainable real estate projects. With
contracted long term, high impact, renewable energy sales
agreements in key project locations and led by a successful
industry recognized operating and development team, Greenbriar
targets deep value assets directed at accretive shareholder
value.
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
Annual Report filed with the British Columbia Securities 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.
SOURCE Greenbriar Capital Corp.