VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 17, 2015) - GreenAngel Energy Corp. (TSX VENTURE:GAE) is pleased to announce the appointment of Mr. Greg Smith to the position of Chief Investment Officer, effective immediately.
Mr. Smith is a co-founder of Espresso Capital, one of Canada's early leaders in technology lending. He brings his significant debt expertise and impressive track record to the GreenAngel team as we continue to expand our Revenue Based Financing business. Mr. Smith's network across North America as well as his expertise in managing a portfolio of debt investments will prove invaluable to GreenAngel.
Prior to co-founding Espresso in 2009, Mr. Smith worked with the Technology Seed Investment group of the Business Development Bank of Canada and founded his own software company, AIS Technologies Inc., which he successfully exited.
Mike Walkinshaw, CEO of GreenAngel said, "We are excited to have appointed Greg Smith to the role of CIO. Mr. Smith is a pioneer in technology and, in particular, recurring revenue lending in Canada. His track record, network, and portfolio management skills are an invaluable addition to the GreenAngel team."
Greg Smith commented, "I am honored and excited to be appointed to the role of Chief Investment Officer. I look forward to working with the existing team and building a world class Revenue Based Financing company focused on the technology sector in Western Canada. I fundamentally believe there is an untapped opportunity to innovate, grow and drive value in the financial services sector."
Under the Company's Stock Option Plan, GreenAngel has granted a total of 680,000 stock options to Mr. Smith. These options are exercisable at $.055, vest over a five year period and expire on September 17, 2020.
About GreenAngel Energy
GreenAngel Energy Corp. is a Revenue Based Financing company that purchases future revenue streams from technology and industrial companies in western Canada. This new financing option complements both debt and equity financing while allowing entrepreneurs to retain control of their own business. In addition, GreenAngel continues to manage existing investments in the clean energy sector, as well as providing strategic and business advisory services to ensure these companies achieve success.
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.
ON BEHALF OF THE BOARD
Michael Walkinshaw, Chief Executive Officer
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management. 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. The Company disclaims any obligation to update the forward-looking statements except as required by law.