Mr. Jeffrey Ciachurski reports
GREENBRIAR PROVIDES UPDATE TO SHARES FOR DEBT SETTLEMENT
Further to the news release of Aug. 1, 2024, Greenbriar Sustainable Living Inc. has entered into an amended and
restated debt settlement and release agreement with a software service provider to the company
to settle the company's outstanding debt for past services performed by the creditor in the amount of 32,909.33
euros ($51,359.55, based on the Bank of Canada exchange rate on March 11, 2025) by issuing 93,381 common
shares in the capital of the company at a deemed price of 55 cents per common share. The board of directors of the company has determined that it is in the best interests
of the company to settle the outstanding debt to the creditor through the issuance of common shares to
preserve the company's cash for continuing operations.
Closing of the shares-for-debt transaction is subject to customary closing conditions, including the approval of the
TSX Venture Exchange. The common shares to be issued pursuant to the shares-for-debt transaction will
be subject to a hold period of four months and one day following the date of issuance in accordance with applicable
securities laws and TSX-V polices.
About Greenbriar Sustainable Living Inc.
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high-impact
projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep-valued
assets directed at accretive shareholder value.
We seek Safe Harbor.
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