GreenBank Capital Inc. (OTCPK:GRNB.F) agreed to acquire 5% stake in Flex Capital for CAD 0.08 million on March 11, 2021. GreenBank Capital would be purchasing existing Flex shares representing 5% of Flex’s enlarged fully diluted share capital by issuing 222,000 new GreenBank common shares at CAD 0.45 per share and 111,000 three-year warrants to subscribe for GreenBank common shares at a price of CAD 0.50 per GreenBank common share. In a related transaction, GreenBank Capital would also be paying CAD 300,000 by subscribing for new shares in Flex representing 20% of Flex’s enlarged fully diluted share capital. Following the investment into Flex, 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.