GREENBANK TARGETS THREE PORTFOLIO COMPANY LISTINGS IN 2018
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Toronto, Ontario, January 11, 2018 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that it is targeting to list three of its portfolio companies in 2018. Subject to market conditions, GreenBank will seek a public listing on the Canadian Securities Exchange (“CSE”) for Ubique Minerals Limited (“Ubique”), Buchans Wileys Exploration Inc (“Buchans Wileys”) and Blockchain Evolution Inc (“Blockchain Evolution”). Ubique and Buchans are intended to list in the first six months of 2018, and Blockchain Evolution is intended to list in the last six months of 2018.
During 2017 GreenBank made 9 portfolio investments; a spinoff dividend distribution of three companies to GreenBank shareholders; facilitated 6 private placements for GreenBank or its portfolio companies; raised a total of $1,175,525 funding for GreenBank and its portfolio companies; and formed a 100% owned blockchain subsidiary. It also agreed to acquire 81% of its insurance agency portfolio company, and commence an acquisition program of Canadian and USA based insurance agencies. In 2018 GreenBank will continue to develop its merchant banking concept, as well as seek to list three portfolio companies. GreenBank’s investment approach is to identify and invest in small-cap companies with high potential that can be incubated and prepared for listing on the CSE over a period of 6-24 months.
Blockchain Evolution owns EvolveChain, the world’s first identification based blockchain. It has recently successfully completed the cloning of its blockchain, which is a critical component in the commercialization of the EvolveChain blockchain. The Blockchain Evolution software team can now create multiple versions of the EvolveChain blockchain, each of which can be modified for specific targeted commercial and governmental uses. The primary differentiation between EvolveChain and other blockchains is that EvolveChain is based on user identification. EvolveChain is currently being utilized by the identification based GreenCoinX cryptocurrency, and is also the basis for an ongoing blockchain project designed to create anti-fraud blockchains for use by governments worldwide. Blockchain Evolution has also contracted with Medi-Data Blockchain Inc, a GreenBank subsidiary, to create a custom designed blockchain solution providing medical confidentiality systems for the healthcare community. Other blockchain projects are now being developed by Blockchain Evolution. More information is available on its website www.blockchainevolutioninc.com
Ubique is a zinc exploration company which owns 108 claims located in the Daniel’s Harbour area in Newfoundland, Canada, covering 27 sq kms, of which 100 claims are contiguous. The Ubique claims comprise three zones, namely P Zone, Cobo’s Pond and Tilt Pond. The P Zone is where Ubique completed its 2017 drilling program, the highlight of which was a true width intersection of 13.6% Zinc over 39.9ft including 17.43% Zinc over 28.2 ft. Ubique management believes that the Cobo’s Pond claims are strategically significant as they could potentially contain the extension to the mineralized horizon hosting the high-grade zinc intercepts from the 2017 drilling program. The Tilt Pond claims cover a southern mineral trend adjacent to previous drilling completed by Teck Exploration in 1990 on the adjacent Black Duck and Trapper claims (Newfoundland and Labrador Department of Mines, Geofiles Metadata Search). Ubique’s claims are around the former Daniel’s Harbour zinc mine situated approximately 10 km northeast of the town of Daniel’s Harbour on the west coast of Newfoundland. Approximately 7,000,000 tonnes averaging 7.8% zinc have been mined from the Daniel’s Harbour mine (Wardle, R.J. (2000) Mineral Commodities of Newfoundland and Labrador - Zinc and Lead; Government of Newfoundland and Labrador, Geological Survey, Mineral Commodities Series Number 1, 12 pages). More information on Ubique is available on its website www.ubiqueminerals.com
Buchans Wileys is a minerals exploration company whose flagship property consists of 48 claims located approximately 4 km southwest of the past producing Buchan’s Mine that produced 16,196,876 tonnes of ore at an average mill head grade of 14.51% zinc, 7.65% lead, 1.33% copper, 126 grams/tonne silver and 1.37 grams per tonne gold. (Wardle,R.J (2000) Mineral Commodities of Newfoundland and Labrador- Zinc and Lead; Government of Newfoundland and Labrador, Geological Survey, Mineral Commodities Series Number 1, 12 pages). A further 30 claims, known as Buchans Wileys South, (“BW South”) are located 15 km southeast of the Buchans Wileys flagship property. BW South is located approximately 18 km southeast of the past producing Buchan’s Mine. In August 2017 an airborne survey of the Buchans Wileys property was completed. That information is currently being evaluated and will be included in a NI 43-101 report to be completed shortly.
Roland Crossley P.Geo., is the qualified person as defined by NI 43-101 responsible for the technical data presented herein and has reviewed and approved this release.
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE:GBC and OTCMKTS:GRNBF), and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank’s portfolio companies comprise equity investments in 10 small cap businesses, namely; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 27% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 14% of Slabdeck Technology Inc, developers of a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication; 19% of Veterans Financial Group LLC, a Ohio, USA based insurance agency providing insurance services to veterans, families and businesses; 15% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain; 15% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process; 19% of Inside Bay Street Corporation, a financial news communications company; 27% of Buchans Wileys Exploration Inc, a minerals exploration
company with interests in Newfoundland, Canada; and 100% of Medi-Data Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank’s investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.