Mr. Jeffrey Ciachurski reports
GREENBRIAR ANNOUNCES SHARES FOR DEBT SETTLEMENT
Greenbriar Sustainable Living Inc. has agreed to issue an aggregate of 2,637,556 units in the capital of the company at a
deemed price per unit of 45 cents to settle approximately $1,186,900 in debt. Each
unit will consist of one common share and one full common share purchase warrant. Each warrant will be exercisable
into one common share of the company at 55 cent sfor a period of three years. Of the share-for-debt settlement, $1,141,900
is owed to arm's-length creditors and $45,000 is owed to an insider of the company. The board of directors and
management of the company believe that the proposed share-for-debt settlement is in the best interests of the
company because it allows the company to preserve its funds for operations.
The share-for-debt settlement is subject to TSX Venture Exchange approval.
The settlement shares will be subject to a statutory four-month hold period from the date of issuance.
The debt settlement with the insider will be a related party transaction under Policy 5.9 of the TSX Venture Exchange
and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The debt settlement with the insider is exempt from the minority approval and formal valuation requirements of MI
61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the debt, nor the
fair market value of the shares to be issued in settlement of the debt, exceeds 25 per cent of the company's market
capitalization.
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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