Greenscape Capital Group Inc.
TSX VENTURE : GRN

Greenscape Capital Group Inc.

September 13, 2011 17:57 ET

Greenscape Completes $0.20 Equity Issuance for Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -

Announcement Highlights:

  • one arms length party and two insiders convert $271,691 in debt into 1,358,455 common shares at a deemed price of $0.20 per common share

Greenscape Capital Group Inc. ("Greenscape") announces that, subject to regulatory approval, it has reached an agreement for the settlement of debt in the aggregate amount of $271,691 owed to three creditors by way of the issuance of 1,358,455 common shares in the capital of Greenscape at a deemed price of $0.20 per common shares.

All of the common shares issued in settlement of debt will be subject to a hold period expiring on January 14, 2012.

About Greenscape

Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When 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

Mark Devereux, 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.

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.

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