Mr. Terry Pullen reports

GREENBANK COMPLETES STAMINIER LOAN ACQUISITION

GreenBank Capital Inc. has completed the acquisition of the loan made to Staminier Ltd., taking yet another significant step toward ownership.

Summary

• GreenBank has completed the acquisition of the loan of 4,975,000 pounds sterling ($7.71-million) made to Staminier, plus interest accrued to date ($822,400) and accruing in the future ($51,700 per month).
• The loan carried a 100-per-cent premium ($7.71-million) if not repaid or converted by March, 2024.
• As previously disclosed in the press release on Aug. 3, 2022, GreenBank agreed to acquire a loan and the consideration for the acquisition will be paid for by the issuance to the vendors of 20.7-million GreenBank common shares from the treasury of GreenBank.

Steve O'Carroll, chief executive officer of Staminier, said: "We are pleased to be moving at pace towards our shared end goal with GreenBank. The acquisition of this loan is an imperative step in the process of achieving our mission, and we are excited to see what the future holds for both companies."

About GreenBank Capital Inc.

GreenBank Capital is a publicly traded next-generation company that has a flexible low-cost overhead structure designed to maximize profitability. Its management is based in Toronto and London, and is used to working across borders remotely. GreenBank Capital invests in multisector undervalued public and private growth companies focused on building consistent capital appreciation for its shareholders. Its model of remote working, dynamic space and flexible contracts -- rather than large, fixed costs -- establishes GreenBank Capital as a global company for the future.