GreenBank to Accept Bitcoin for Its Private Placement
Toronto, Ontario--(Newsfile Corp. - January 9, 2014) - GreenBank Capital Inc. (CSE: GBC) ("GreenBank" or "the Company") announces that it will become the first public company in the world to accept Bitcoin in settlement for a private placement.
GreenBank's subsidiaries, Bitcoin Angel Capital which will invest in early stage Bitcoin and other cryptocurrency focused companies, and Bitcoin Canada Investments which will invest exclusively in Bitcoin, are currently making a private placement to accredited investors of up to $5,000,000 Convertible Secured Debentures. GreenBank believes the Debentures represent a convenient way for investors to gain exposure to a diversified portfolio of Bitcoin and early stage Bitcoin companies.
"GreenBank intends to be both a Bitcoin incubator and a Bitcoin investor, and so I think it is appropriate for us to accept Bitcoin in settlement for the Debenture private placement. As a digital cryptocurrency that is not issued by any government, bank or central organization, I believe Bitcoin will continue to find increasing acceptance and popularity worldwide, and I am pleased that GreenBank is in the forefront of that acceptance" said Danny Wettreich, CEO of GreenBank, Bitcoin Canada Investments and Bitcoin Angel Capital.
GreenBank is a corporate finance investment business focusing on investing in Canadian small cap companies. GreenBank has launched two subsidiaries to invest in Bitcoin and Bitcoin startups, and is the first public company making Bitcoin investments. GreenBank also facilitates listing private companies on the Canadian Securities Exchange or CSE (formerly the CNSX), and arranges mergers and acquisitions, and private equity transactions.
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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 GreenBank Capital Inc. The forward-looking information 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 information, future events or results or otherwise, other than as required by applicable securities laws.
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