Greenbriar has executed an additional USD265 million mandate with Pegasus Renewable Energy and Sustainable Infrastructure Credit Advisors LP (RESIC) that adds to a previously arranged USD50 million equity mandate

Date June 04, 2018
Type Projects
Subtype Imported projects
Countries (USA) United States of America
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Greenbriar has executed an additional USD265 million mandate with Pegasus Renewable Energy and Sustainable Infrastructure Credit Advisors LP (RESIC) that adds to a previously arranged USD50 million equity mandate. As an incentive to RESIC, Greenbriar will issue two million common share purchase warrants that can be exercised for a period of five years at a price of CAD 1.00 (USD0.77/EUR0.66) per share. The company also announced a private placement of 700,000 units at USD1.03 apiece. Each unit consists of one common share with a half warrant attached to every unit of which a whole warrant is exercisable into a new common share at USD1.50 for a period of five years
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