GreenBank Capital Inc. (OTCPK:GRNB.F) agreed to acquire 29.5% stake in Staminier Limited on August 2, 2022. The consideration for the acquisition will be paid for by the issuance to the vendors of 31.848428 shares GreenBank common shares from the treasury of GreenBank. GreenBank will own 48.5% of Staminier Limited.

These transactions are subject to the approval of the Canadian Securities Exchange. In a separate transaction, GreenBank agreed to acquire a loan of CAD 7.71 million made to Staminier Limited plus interest accrued to date CAD 822,400 and accruing in the future CAD $51,700 per month. The loan carries a 100% premium CAD 7,710,00 if not repaid or converted by March 2024.

The consideration for the acquisition will be paid for by the issuance to the vendors of 20.7m GreenBank common shares from the treasury of GreenBank.