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Greenscape Closes $1,198,899.90 in Financing

Greenscape Closes $1,198,899.90 in Financing

Published 09-28-10

Submitted by Greenscape Capital Group Inc.

Greenscape Capital Group Inc. ("Greenscape") (TSX VENTURE:GRN) is pleased to announce that it has closed $1,198,899.90 in equity financing, subject to regulatory approval, for the completion of Green Park Denver LLC's 4,200 stall green parking facility servicing the Denver International Airport.

The $1,198,899.90 has been received via a first tranche closing of the special warrant financing under the same terms as announced and described by the Company in its news release of September 9, 2010. The Company has issued 4,359,636 special warrants ("Special Warrant") at a price of $0.275 per Special Warrant. Each Special Warrant entitles the holder to receive, for no additional consideration, one unit ("Units"); each Unit consisting of one common share ("Common Share") of the Company and one-half of one common share purchase warrant ("Warrant"). Each full Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.35 per share for a period of 24 months following the closing date. In the event the closing price of the Company's common shares on the TSX Venture Exchange is at least $0.75 for ten consecutive trading days (at any time following the earlier of (i) four months from the date of closing, or (ii) the receipt for a final prospectus) the Company may reduce the remaining exercise period of the Warrants to not less than 30 days from the date of providing notice of the reduced exercise period.

Special Warrants automatically convert to Units upon the earlier of (i) four months following the date of issuance; and (ii) the date a final receipt is obtained for a prospectus qualifying the distribution of the Units.

The Company will use its commercially reasonable efforts to file a prospectus and qualify the distribution of the Units as expeditiously as possible following the final close of the financing. If a final receipt for a prospectus has not been received within 60 days following the final closing of the Financing, each Special Warrant will entitle the holder to receive 1.1 Units (comprising 1.1 Shares and 0.55 of a Warrant).

Finder's fees of $68,191.99, 100,800 Special Warrants and 435,963 finder's warrants will be paid on the first tranche of the financing.

Greenscape is completely compliant and current with all material obligations and commitments regarding the rapidly advancing Green Park development. To date, Greenscape has contributed $8,201,849 in equity to the project. Greenscape has a remaining equity commitment of $795,165 to the project. After making the final $795,165 equity contribution, the balance of the project construction will be funded by the previously announced $8,500,000 construction loan with Wells Fargo Bank (a 3-year loan with an all-in fixed interest cost of 5.45% per annum).

This equity financing announced today is subject to approval of the TSX Venture Exchange.

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 special warrant financing is subject to certain conditions precedent, and no assurance can be given that the same will be satisfied or waived. There is no guarantee the Company will be successful in obtaining a receipt to a prospectus which qualifies the distribution of the Units within the 60 day period contemplated.

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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Greenscape Capital Group Inc.

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