Greenscape Capital Group Inc.
TSX VENTURE : GRN

Greenscape Capital Group Inc.

January 24, 2011 08:30 ET

Greenscape Completes $7 Million Debt Financing with Maxam Opportunities Fund LP

Announcement Highlights:

- Financing via a 5 year non-revolving term facility

- Interest reserve created from the $7 million facility to fund all interest payments during the first 12 months of the facility

- 5 year loan provides financial stability and strengthened financial position as Greenscape seeks growth opportunities in the parking industry

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2011) - Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) is pleased to announce it has completed $7,000,000 in financing with Maxam Opportunities Fund LP and Maxam Opportunities Fund (International) LP (Collectively "Maxam Opportunities Fund LP") via a 5 year non-revolving term facility.

The use of proceeds are to recapitalize Greenscape and for working capital.

To ensure that the construction of the company's 4,200 stall green parking facility serving the Denver International Airport in Denver, Colorado was completed ahead of schedule and on budget with adequate project funding, Greenscape took on a variety of short term debts from third parties and related parties during the construction process. With this flagship project now complete and fully operational, Greenscape has finalized $7,000,000 in financing from Maxam Opportunities Fund LP to recapitalize and consolidate various short term debts.

This $7,000,000 financing stabilizes the Company's 81.2% equity ownership position in Denver for the long term and will give the company the ability to now identify, assess and execute on future opportunities in the parking industry.

Greenscape, as an owner in the world's greenest parking facility, is in a unique position to grow through targeting future builds of green parking developments modeled after the Denver facility and through parking industry verticals that are part of the green parking movement.

The Denver facility is a flagship and model investment for Greenscape, has been recently appraised at USD $30,900,000 and is fully operational. It incorporates a variety of environmental features into its design including solar and wind energy sources, geothermal heating and cooling, LED lighting, recycled asphalt, reflective roofing, porous pavement and recycled steel.

Greenscape additionally is arranging $750,000 via a private placement of 3 million units at $0.25 per unit. Each unit consists of one common share and one half share purchase warrant. Each full purchase warrant enabling the unit holder to purchase an additional common share at $0.35 for a period of twenty four months from date of closing.

About Maxam Capital Corporation

Maxam Capital Corp. formed the Maxam Opportunities Fund ("Maxam") to focus on structured investments in both publicly traded and private companies. Maxam seeks to fill the void in the Canadian capital market between traditional private equity (majority/control required) and the public markets.

About Greenscape

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, which reflect the expectations of management regarding certain future events. 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 raising the $750,000 equity financing on the terms as contemplated, or at all.

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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