GreenBank Capital Inc. announced a non-brokered private placement of 25,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 1,250,000 on November 15, 2023. Each unit being comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.075 for a term of 2 years from its date of issuance.

The company expects to close the offering in one or more tranches, with the first tranche expected to close on or before 30th November 2023.