Greenscape Capital Group Inc.
TSX VENTURE : GRN

Greenscape Capital Group Inc.

March 09, 2011 13:05 ET

Greenscape Settles $1,317,838 of Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2011) - Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) is pleased to report that, subject to regulatory approval, it has converted certain outstanding debt in exchange for shares.

The Company has agreed to settle an aggregate of $1,317,838 of outstanding debt in exchange for Units at $0.25 per Unit. Each Unit consists of one common share ("Share") and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.30 per share for a period of 24 months following the issuance.

The debt settlement is subject to approval of the TSX Venture Exchange and supersedes the shares for debt settlement announced on November 12, 2010.

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 the Company's closing of its special warrant financing. 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. Closing of the debt settlement is subject to certain conditions precedent, and no assurance can be given that the same will be satisfied or waived.

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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