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

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.