Flex Capital announced a private placement of common shares for gross proceeds of CAD 300,000 on March 11, 2021. The transaction will include participation from new investor GreenBank Capital Inc. (OTCPK:GRNB.F) for 20% stake. GreenBank will be entitled to appoint a member to board of Flex and it has been agreed that GreenBank will (as well as having a right of first refusal on any subsequent equity issues) will act as a lead advisor in any further financing and on taking Flex to a public listing.