Greenscape to change name to Parkit Enterprise Inc.
Vancouver - Greenscape Capital Group Inc. ("Greenscape") TSX‐V: GRN - is pleased to announce that it intends to change its name to "Parkit Enterprise Inc." to better reflect the Company's redefined strategy to acquire diversified portfolios of income producing parking facilities.
Concurrently, the Company intends to consolidate its issued and unissued common share capital on the basis of ten old shares for one new share. The share consolidation and change of name are subject to acceptance by the TSX Venture Exchange.
Greenscape also reports that the July interest payment was made to Maxam Opportunities fund and that the refinancing of the loan is proceeding with a near-term close anticipated. Year-over-year occupancy and yield continue to improve at the Canopy facility in Denver.
Rick Baxter, CEO states, "Today's announcement lays the foundation for management's growth strategy as a focused parking company. Leveraging the experience of our Canopy asset, Parkit Enterprise Inc. is actively seeking to acquire additional income producing parking facilities across North America."
ON BEHALF OF THE BOARD
"John LaGourgue" Director
Greenscape Capital Group Inc.
Suite 700 – 510 West Hastings Street
Vancouver, British Columbia
Canada V6B 1L8
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.
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.