Greenscape Announces $2.6 Million Non-Brokered Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/12 -- Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE: GRN) is pleased to announce that it is arranging a $2.6 million financing via a non-brokered private placement of 20.8 million shares at $0.125 per share.
Use of proceeds will include completing the second tranche of Greenscape's investment in CapTherm Systems Inc. ("CapTherm") which will enable CapTherm to accelerate their development path to commercialization, ramp up in-house engineering expertise, fund pre-commercialization sales, marketing and partnership strategic initiatives, and maximize the effectiveness of recently acquired rapid-prototyping equipment.
Further use of proceeds will also include corporate general working capital with respect to Greenscape's investment in Green Park Denver, LLC. As announced by Greenscape earlier in January, 2012, the green parking facility is performing above budget both from occupancy as well as a revenue perspective and continues on an excellent growth trend. After an initial year of operations where the proof-of-concept has been successfully established, and with an expected minimum of 24 years of cash flow ahead of it, Greenscape believes that its initial equity-financed investment in Green Park Denver, LLC has increased significantly in value. As a result, Greenscape will now explore a variety of options whereby it can maximize and accelerate the return on that investment for its shareholders. In the current environment where long-term cash flow, low-risk investments are highly valued, Greenscape is of the view that the timing for such an exploration of options is ideal.
About Greenscape
Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals.
ON BEHALF OF THE BOARD
Mark Devereux, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Greenscape Capital Group Inc.
1-604-687-6687
KIN Communications
Investor Relations
Toll Free: 1-866-684-6730
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Datum: 16.01.2012 - 17:09 Uhr
Sprache: Deutsch
News-ID 1073229
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