Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Greenbriar Capital Corp.    GRB   CA39364R1082

GREENBRIAR CAPITAL CORP.

(GRB)
  Report
SummaryQuotesChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Greenbriar Capital Corp Announces Acquisition of 500MW Solar Energy Project Portfolio in Alberta

12/03/2020 | 12:05am EST

Coquitlam, British Columbia--(Newsfile Corp. - December 3, 2020) -  Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar") is pleased to announce that it has executed a formal agreement with Devon Sandford of Lethbridge, Alberta, for the acquisition of a 500 MW photovoltaic solar energy project portfolio in Alberta. The proprietary portfolio is at various stages of development, including late stage, mid stage and early stage projects.

Devon owns and operates a world class large utility scale solar energy construction firm (Northern DC Solar Inc. "NDC") and has very recently built several large utility scale solar projects in Alberta. Transitioning from the manufacturing and commissioning of utility scale power systems into utility scale solar projects has provided NDC a unique perspective, critical insights and overall advantages on how to deliver large scale solar projects efficiently and cost effectively.

Greenbriar gains an advantage in the market as it benefits from NDC's recent successful mechanical and electrical installation of the first large scale tracking solar system in Canada. Located in Southern Alberta, with over 70,000 modules, 7,000 piles, 4.8 million mechanical pieces and 200,000 labour hours, NDC has the ability to claim for Greenbriar what it also can show, which is building large scale projects, under budget and on time.

The terms of the transaction call for a series of performance payments based on the capital cost savings below a certain threshold at commercial production for each project. The payments can be paid from the construction proceeds or elected by Devon to be taken in shares at the then current market price, except the company will seek TSXV approval for the first two million shares to be taken at current market prices. In addition Devon will receive 100,000 shares for each project placed in production plus 500,000 stock options at $1.50 per share. Greenbriar will pay an arms-length consultant 50,000 shares for arranging this transaction.

About Greenbriar Capital Corp:

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jeff Ciachurski"

Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69381


© Newsfilecorp 2020
All news about GREENBRIAR CAPITAL CORP.
12:05aGreenbriar Capital Corp. Partners with Ridge Utilities Ltd. to Unlock the Hug..
NE
01/17Greenbriar Provides Montalva Update
NE
01/05Greenbriar Capital Corp Appoints Paul M. Morris as CEO of Sage Ranch
NE
2020Greenbriar Capital Corp Announces Private Placement
NE
2020Greenbriar Capital Corp Announces Acquisition of 500MW Solar Energy Project P..
NE
2020Greenbriar Capital Corp. Closes Non-Brokered Private Placement
NE
2020Greenbriar Capital Corp Reports $2,771,759 or $0.12 per Share of Net Income i..
NE
2020Greenbriar Comments on Recent Controversy on Social Media
NE
2020Greenbriar Executes a Master Sales and Marketing Agreement with Keller Willam..
NE
2020Greenbriar Engages Law Firm for Application to the NASDAQ Market and to Compl..
NE
More news
Financials
Sales 2019 - - -
Net income 2019 3,23 M 2,54 M 2,54 M
Net cash 2019 1,55 M 1,22 M 1,22 M
P/E ratio 2019 3,73x
Yield 2019 -
Capitalization 66,3 M 52,1 M 52,2 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 85,9%
Chart GREENBRIAR CAPITAL CORP.
Duration : Period :
Greenbriar Capital Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
NameTitle
Jeffrey J. Ciachurski Chief Executive Officer & Director
Clifford M. Webb President & Director
Daniel James Kunz Chairman
Anthony Balic Chief Financial Officer & Secretary
J. Michael Boyd Independent Director
Sector and Competitors