GreenBank Insider Reorganizes Shareholdings

November 10, 2014 10:15 AM EST | Source: GreenBank Capital Inc.

Toronto, Ontario--(Newsfile Corp. - November 10, 2014) - GreenBank Capital Inc. (CSE: GBC) ("GreenBank" or "the Company") and Daniel Wettreich its Chairman and CEO, together with Sammiri Capital Inc. ("Sammiri"), a private company that is wholly owned by Daniel Wettreich, and Mark Wettreich, a director and officer of GreenBank, announce that Sammiri has purchased from Mark Wettreich an aggregate of 4,000,000 common shares in the capital of GreenBank. This reorganization of the Wettreich family shareholdings was carried out for investment purposes.

Immediately after the transaction Mark Wettreich no longer holds any shares in GreenBank, and including the shares held by Sammiri, Daniel Wettreich holds, directly and indirectly, an aggregate of 8,332,198 common shares of the Company, representing approximately 74.78% of the Company's issued and outstanding common shares. Sammiri acquired the above-noted common shares of the Company for investment purposes and it may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the common shares or other securities of the Company, through market transactions, private agreements, or otherwise. The consideration for the securities acquired by Sammiri was at a deemed price of $0.05 per share. The sale of the above-noted common shares of the Company by Mark Wettreich to Sammiri was carried out pursuant to an exemption from prospectus requirements as set out in Section 2.8 of National Instrument 45-102 - Prospectus and Registration Exemptions.

About GreenBank

GreenBank is a corporate finance investment business investing in small cap companies, and private equity investments, and its subsidiary GreenBank Financial has applied for an exempt market dealer licence. For more information please see www.GreenBankCapitalinc.com or contact Danny Wettreich at (647) 931 9768 or dw@GreenBankCapitalinc.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 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.

The CSE has not reviewed, approved or disapproved the content of this press release.

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