GreenBank Engages JV Capital as Part of Strategic Review

TORONTO, ON / ACCESSWIRE / June 20, 2023 / GreenBank Capital (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) ("GreenBank" or the "Company") is pleased to announce that it has appointed JV Capital to review GreenBank's current investment portfolio and provide related advice and assistance over the next 12 months. The initial review will be carried out over the next few months but the engagement is for a period of 12 months. The maximum fee will be C$75,000, which JV Capital is required to invest in common shares of the Company. As part of the transaction JV Capital is being granted warrants (with an exercise price of C$0.05 per share) over 1,500,000 common shares, but cannot exercise those warrants for an amount greater than the fees payable under the agreement . 50% of the fee is payable on production of the initial review with a further 25% after 6 months and the final 25% after 12 months the second and third instalments depending on the performance of the Company's share price.

As part of the ongoing Strategic Review announced earlier in March 2023, GreenBank has secured the services of the JV Capital Consultancy team, to assist with the analysis of its investment portfolio, as well as make recommendations with regards to the same, and help with the implementation of those recommendations. This review is the next stage of the previously announced strategic review which is aimed at reviewing the Company's existing and future investment strategy with a view to re-focusing it.

The JV Capital Consultancy team's remit is as follows;

1. Comprehensive Analysis of Investments: To conduct an evaluation of the Company's existing investments, including their impact on the Company's market perception. This will include providing a detailed assessment of the debts associated with some of these investments, including those involving Staminier Limited.
2. Development of Actionable Recommendations: Based on their comprehensive analysis, they will provide recommendations to the board of Greenbank for potential courses of action pertaining to the Company's investments. These could potentially involve the restructuring of debt and equity interests, as well as other strategic considerations.
3. Implementation: To assist with the implementation of those of the team's recommendations that are adopted by the Board and provide quarterly analysis of progress to the GBC Board.
4. Strategic Direction Post-implementation: The team will offer further insights into the optimal strategic direction for GreenBank following implementation of the short-term recommendations. This will be done with the aim of ensuring sustained growth and success following the realignment of the Company's investment portfolio.

Fee Structure: