GreenBank Capital Inc announced private placement of 2,200,000 units at a price of CAD 0.05 per unit for gross proceed of CAD 110,000 on January 3, 2017. The transaction will involve participation from existing investor Sammiri Capital Inc, firm controlled by Daniel Wettreich . Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.05 for 36 months after closing. The securities are subject to a hold period of four months and a day.