Oct 16 (Reuters) - Greenbriar Capital Corp GRB.V :
* DGAP-NEWS: GREENBRIAR CAPITAL CORP ANNOUNCES JOINT VENTURE
* GREENBRIAR CAPITAL- HAS FORMED JOINT VENTURE WITH CAPTIVA VERDE LAND CORP TO CO-DEVELOP ITS 1,100 LOT RESIDENTIAL REAL ESTATE PROJECT IN CALIFORNIA
* GREENBRIAR CAPITAL - CAPTIVA HAS JUST ISSUED 10.7 MILLION OF SHARES TO CO, WILL INCUR ALL OF DEVELOPMENT COSTS TO EARN 50% INTEREST IN AND TO PROJECT
* PROJECT HAS A CAPITAL COST OF US$350 MILLION AND PROFITS WILL BE SPLIT 50/50 BETWEEN BOTH PARTIES