Sage Ranch Update plus News ReleaseAll ...
Tonight the City Council unanimously approved the 2nd and final reading of the Master Development Plan and approved the rezoning of the Sage Ranch project to include a 204 unit apartment building within the 995 home new parcel map approved on Aug. 16. This concludes discretionary approvals for Sage Ranch on Aug. 16
The company has already held construction meetings with the City to start the process for construction. There will be day to day meetings/conversations between the City and the Company from now until the project is finished as is customary in a 995 unit subdivision that takes 4 to 7 years to build.
News Release issued after the close today September 7, 2021 – Coquitlam, BC
Greenbriar Capital Corp. (“Greenbriar”) is pleased to announce that it has increased the size of the previously announced non-brokered private placement (the “Financing”) announced on July 19, 2021. Greenbriar has increased the Financing to 878,970 units (the “Units”) at a price of $1.65 per Unit for gross proceeds of $1,450,301. Each Unit is comprised of one common share and one share purchase warrant. Each warrant (a “Warrant”) entitles the holder to acquire one additional share in the capital of Greenbriar at a price of $2.00 for a period of two years. Proceeds from the Financing will be used by Greenbriar for working capital purposes. The Financing is subject to TSX-V approval.
In addition, Greenbriar last month converted $166,240 of outstanding principal and $1,567 in accrued interest on one of its outstanding Convertible Debentures resulting in the issuance of 133,027 units of Greenbriar at a price of $1.25 per unit, and 1,080 units at a price of $1.45 per unit for the converted principal and interest, respectively. All of the warrants comprising the units were exercisable at a price of $1.50 on or before August 21, 2021. On August 20, 2021, all of the warrants resulting from the conversion were exercised resulting in proceeds of $201,160.50.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director