VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/04/11 -- Greenscape Capital Group Inc. (TSX VENTURE: GRN) -
-- to raise $1,000,000 via equity private placement -- growth accelerating at flagship Denver project with additional new projects being evaluated -- expanding depth of leadership team
Greenscape Capital Group Inc. ('Greenscape') is pleased to announce that in the midst of significant corporate progress, it is arranging a $1,000,000 private placement via the issuance of 4 million units at $0.25 per unit with each unit consisting of one common share and 1/2 share purchase warrant with each whole warrant convertible into common shares of Greenscape at $0.35 for a 24 month term.
The private placement comes at a time of corporate growth. Greenscape's flagship and model project located at the Denver International Airport in Denver, Colorado (Canopy Airport Parking) is experiencing rapid capacity growth while Greenscape is currently evaluating multiple opportunities for expansion as well as seeking to enhance its leadership team at an executive level.
Greenscape is evaluating multiple new opportunities in the green parking industry ranging from new green parking construction projects through to parking lot management and the integration of vertical technologies used in the green parking process.
With an aggressive growth strategy planned for the coming months, Greenscape will add further depth to its management team as it embarks on expansion plans.
Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape Capital is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When marked opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals (www.greenscapecapital.com).
ON BEHALF OF THE BOARD
Bryan Slusarchuk, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, there is no assurance the Company will be successful in adding depth to the management team, raising the $1,000,000 equity financing on the terms as contemplated, or at all, and no assurance can be made that the Company's plans for expansion via new parking construction projects, parking lot management and the integration of vertical technologies used in the green parking process will be realized.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Greenscape Capital Group Inc.
CEO and Director
Investor Relations Contact
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