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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Comment by shnepson May 31, 2024 11:28am
103 Views
Post# 36066333

RE:RE:So let me get this straight

RE:RE:So let me get this straightSubsequent events
- Subsequent to period end, the Company issued 620,000 common shares as a result of warrant exercises and received gross proceeds of $421,000.
- Subsequent to period end, the Company issued 313,000 common shares as a result of option exercises and received gross proceeds of $319,300
- Subsequent to period end, the Company announced that it proposes to amend the exercise price and expiry date of stock options to purchase a total of 350,000 common shares. The Company proposes to reduce the exercise price of the options from $1.35 to $0.82 and to extend the expiry date of the Options from July 7, 2024, to July 7, 2027. The amendment of the options is subject to the approval of the TSX Venture Exchange

There's another almost 1.3M shares added plus the fact the options are being reduced by 40% to incentivise.
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