Post by
GenHandgrenade on Sep 18, 2018 12:18pm
GBC CEO Danny Wettreich Passes Away
Greenbank Capital CEO Danny Wettreich Passes Away Veteran Merchant Banker Danny Wettreich, 67, passed away on September 15, following a recent heart attack. This news release is not for distribution or dissemination in the United States of America\ Toronto, Ontario (FSCwire) - GreenBank Capital Inc. (CSE: GBC and OTCMKTS:GRNBF and FRA; 2TL) ("GreenBank or the Company") announces with great sadness that Danny Wettreich, Founder, Chairman and ChiefExecutive Officer of GreenBank Capital, died on Saturday 15th September in Dallas, Texas, due to unexpectedly severecomplications from a recent heart attack. Mark Wettreich has been elected as the Chairman of the Board and David Lonsdale will act as the interim CEO,supported by the remaining members of the board. David Lonsdale is a seasoned executive having built four technology companiesincluding selling one of them to Microsoft. Danny Wettreich was a visionary banker and an entrepreneur at heart. He was an amazing human being with boundlessenergy, unmatched work ethic and an exceptional talent for creating possibilities. With GreenBank, he identified a compelling business model and a repeatable strategy that has already borne fruit.He leaves behind a company with a strong foundation, a template for success, and a clear roadmap for us to execute on.We look forward to doing just that as we continue to build value for GreenBank shareholders" Chairman of the Board MarkWettreich said. Last week GreenBank Capital took public its first portfolio company, Ubique Minerals (CSE:UBQ) and has commenced its 2018drilling program. The GreenBank Capital board and the management teams of the 16 portfolio companies continue to execute on ourbusiness model. About GreenBank GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC andOTCMKTS: GRNBF and FRA: 2TL), and is included in the CSE Composite Index. GreenBanks 100% subsidiary GreenBank Financial Inc. isa merchant bank. GreenBanks portfolio companies comprise equity investments in 16 small cap businesses, namely; 52% ofBlockchain Evolution Inc, owners of the worlds first identification based blockchain, and developers of Xbook a userpermissioned and revenue sharing social media platform; 15% of Ubique Minerals Limited, a zinc exploration company inNewfoundland, Canada; 50% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada; 100% of MedikBlockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of CannabisBlockchain Inc, developers of a digital information management system for the cannabis industry; 19% of Kabaddi Games Inc,developers of a mobile application game based on the sport of Kabaddi; 100% of North America Veterans Insurance Services Inc, aninsurance agency holding company; 19% of Inside Bay Street Corporation, a financial news communications company; 10% of GanderExploration Inc, a minerals exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small captransfer agency; 15% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada;10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 100% of Expatriate AssistanceServices Inc, providing relocation services to expatriates; 14% of Slabdeck Technology Inc, developers of a search mobileapplication; 12% of KYC Technology Inc, owners of a worldwide online 24-hour Know Your Customer identification verificationprocess; and 18.25% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company. For more information please see https://www.GreenBankCapitalinc.com or contact Mark Wettreich at (647) 931 9768or by email mark@GreenBankCapitalinc.com Read more at https://www.stockhouse.com/news/press-releases/2018/09/18/greenbank-capital-ceo-danny-wettreich-passes-away#j2ih6BKgYJBxZLZv.99