GreenBank portfolio company Ubique Minerals closes final tranche of private placement financing as fieldwork starts at Daniel's Harbour

GreenBank Capital Inc said its portfolio company Ubique Minerals Inc closed the final tranche of a private placement financing announced on June 28. The next generation merchant banking business said it contributed C$200,000 of the collective total of C$1.1 million raised in the private placement, which closed on August 16. Ubique intends to use the proceeds for follow-on drilling on its Daniel's Harbour zinc project including the adjacent Ophir Gold Corp. option property in Newfoundland and other exploration and corporate costs including the Port Loko bauxite project in Sierra Leone. READ: GreenBank Capital says Ubique Minerals readies for drilling at Daniel’s Harbour Zinc Project A Newfoundland and Labrador registered land survey company has been contracted to survey collars of Daniel's Harbour drill holes drilled in 2020 and also historic drill holes that have been found since the previous survey. Ubique is a zinc exploration company listed on the CSE. It was funded for its first two years by private equity including that from Greenbank. With the help of GreenBank's consulting services, Ubique became a publicly listed company in September 2018. It has an experienced management group with a record of multiple discoveries of deposits worldwide and owns an extensive and exclusive database of historic exploration results from the Daniel's Harbour area. GreenBank invests in undervalued exponential growth companies focused on building consistent capital appreciation for its shareholders. The company has a flexible low-cost overhead structure designed to maximize profitability. Its management is based in Toronto, Dallas, New York and London and are used to working across borders remotely. The company's model of remote working, dynamic space and flexible contracts - rather than expensive offices, and large fixed costs - establishes GreenBank as a global merchant bank for the future, both during and after the coronavirus (COVID19) pandemic. Contact the author at stephen.gunnion@proactiveinvestors.com