Glenbriar Announces Closing of the Second Tranche of the Private Placement

VANCOUVER, BC / ACCESSWIRE / June 6, 2019 / Glenbriar Technologies Inc. (CSE:GTI.X) (the “Company”) is pleased to announce the closing of the second tranche of $435,700 consisting of 8,714,000 equity units. The placement consists of units priced at $0.05 each, with each unit consisting of one share and one warrant exercisable for 2 years from closing at an exercise price of $0.10 in the first year and $0.15 in the second year. After this issue, the Company will have 147,729,510 shares issued and outstanding. Proceeds will be used for working capital. Securities issued on this closing shall be subject to resale restrictions to October 7, 2019. A total of $9,200 and 184,000 finder’s warrants were issued to 2 finders on this tranche.

For further information, please contact:

Doug Taylor, CEO
Investor Relations
Telephone: 1 (778) 724-1301

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this release may constitute “forward-looking statements” or forward looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

SOURCE: Glenbriar Technologies Inc.

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