Greenbriar Announces Closing of Non-Brokered Private Placement and Completion of Shares for Debt Transaction

Executive Summary

• Greenbriar Sustainable Living Inc. closed a non‑brokered private placement of 625,000 units at CAD 0.40 per unit, raising gross proceeds of CAD 250,000 for general working capital.
• The company also completed a related‑party debt settlement with Captiva Verde Wellness Corp., extinguishing $625,000 of indebtedness by issuing 1,250,000 common shares of Greenbriar at a deemed price of $0.50 per share.
• Both transactions are subject to TSX Venture Exchange approval and carry four‑month hold periods expiring July 14, 2026.

Key Details

• Private Placement
• Units offered: 625,000 (each unit = 1 common share + 1 warrant).
• Price per unit: CAD 0.40.
• Gross proceeds: CAD 250,000.
• Warrants exercisable into one additional share at $0.50 per share until March 13, 2029.
• No commissions or finder fees payable.
• Use of proceeds: general working capital.

• Hold period for securities: four months, expiring July 14, 2026.

• Debt Settlement with Captiva Verde Wellness Corp.

• Debt extinguished: $625,000 (indebtedness owed to Captiva).
• Consideration: issuance of 1,250,000 Greenbriar common shares at a deemed price of $0.50 per share.
• Related‑party nature disclosed: CEO Jeff Ciachurski and CFO Anthony Balic hold positions at Captiva; directors Brian Conlan and Michael Boyd are also Captiva executives/directors.
• Transaction qualifies for MI 61‑101 exemption (fair market value ≤ 25 % of market cap).

• Hold period for shares issued: four months plus one day, expiring July 14, 2026.

• Regulatory

• Both transactions remain subject to final approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes included in the release.)