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TICKERS: GRB; GEBRF

Investment Project Developer Gains Royalty with Blockchain Software Sale
News Update

Source:

By divesting this asset, the company creates value for its shareholders.

Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC) announced in a news release it sold its blockchain software RealBlock to Titleloq LLC, a new entity whose sole purpose is to own and operate the asset.

In the transaction, Titleloq will pay Greenbriar CA$1,745,422 in cash and shares along with a net royalty of US$3 per every opening transaction. If Titleloq reaches its first goal for RealBlock of 60,000 transactions per month, the net royalty payable to Greenbriar will be US$180,000 per month. Titleloq will make the royalty payment to Greenbriar quarterly.

The royalty could convert to 10% of the net proceeds if the software and any modification and or improvement are sold to a fully arms length party, the company noted.

As for the share consideration, it consists of the "return and cancellation to the treasury of a total of 786,772 previously issued Greenbriar common shares, the cancellation of 475,000 previously issued Greenbriar stock options and the cancellation of 276,812.5 previously issued Greenbriar share purchase warrants with the remainder paid to Greenbriar immediately in cash," the release noted. Greenbriar's shares outstanding will drop to 19.5 million.

The company noted that it is "delivering to shareholders on being a robust incubator and creator of new stand alone projects and technologies. In October of 2018, Greenbriar received 10.7 Million common shares of Captiva Verde Land Corp, which the company expects to be constantly increasing in value. The company has begun the creation of a spin off public company, to dividend to each shareholder, an equal amount of new shares for the Montalva Solar Project. Today, the Company sold its Blockchain software and receives a robust royalty stream in perpetuity or a percentage of sale proceeds to a large independent enterprise. The Management and Board of Greenbriar are solely committed to the value creation for shareholders."

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Greenbriar Capital. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Greenbriar Capital.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Greenbriar Capital, a company mentioned in this article.




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