Greenbriar Capital secures US $50M mandate arrangement with US investment fund

Greenbriar Capital Corp. (TSX-V: GRB) has arranged US $50 million mandate arrangement with a major US investment fund, a dedicated renewable energy and infrastructure fund specializing in key mezzanine capital investments.

The fund is an affiliate of a private, US $1.7 billion alternative asset management firm providing strategic growth capital to companies focused on global resource scarcity, including energy, food, water and wellness.

The purpose of the mandate is to structure and provide the essential project equity portion of the proposed US $305 Million Montalva project financing package, comprising tax motivated project equity and senior secured project debt.

News Release

Greenbriar Capital Executes US $50 Million Equity Mandate

May 1, 2018 – Vancouver, British Columbia. Greenbriar Capital Corp. (the “Company” or “Greenbriar”) is pleased to announce the execution of a US $50 Million Mandate Arrangement with a major US investment fund.

The investment fund is a dedicated renewable energy and infrastructure fund specializing in key mezzanine capital investments and is an affiliate of a private, US $1.7 billion alternative asset management firm providing strategic growth capital to companies focused on global resource scarcity, including energy, food, water and wellness.

As an incentive, the Company will issue upon certain conditions, two million common share purchase warrants exercisable for a period of five years at a price of CDN $1.00 per share.

The purpose of the mandate is to structure and provide the essential project equity portion of the proposed US $305 Million Montalva project financing package, comprising tax motivated project equity and senior secured project debt. Completion by the fund is solely discretionary and will be subject to complete satisfaction by the fund of all usual and customary conditions for financings of this type. The finance team includes individuals that provided a similar type of key essential equity – mezzanine financing for Greenbriar’s predecessor, Western Wind Energy Corp. and its US $313 Million Windstar project in the amount of US $55 Million. This US$50 Million equity funding will not dilute the issued common shares as this is a structured product at the project level.

About Greenbriar Capital Corp.

A leading developer of renewable energy, sustainable real estate and smart energy products, Greenbriar owns long-term, high impact, contracted sales agreements in key project locations and is led by a successful industry-recognized operating and development team that targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President, Chief Executive Officer and Director