TORONTO, ONTARIO – GC-Global Capital Corp. (“Global Capital”) (TSX Venture Exchange “GDE.A”) announces its financial results for the third quarter ending September 30, 2013.


Overall Third Quarter Performance


As at September 30, 2013 GC’s net assets were valued at $9.24 million or $0.45 per share compared to $9.23 million or $0.48 per share as at December 31, 2012. The $0.01 million dollar increase in net assets is principally due to an approximate net loss of $0.90 million and the increase in shareholder capital of $0.91 million from the private placement financing which closed on September 23, 2013. There were no share buybacks through the Company’s Normal Course Issuer Bid (“NCIB”) in the first nine months of 2013.


The net loss for the nine months ending September 30, 2013 was $901,129 (September 30, 2012 – net loss of $668,781) and net comprehensive loss was $901,129 (September 30, 2012 – net loss of $998,087). The bulk of the loss from operations, $415,298 (September 30, 2012 – $625,922) and equity method valuation which may not be realized in the future: $485,831 (September 30, 2012 – loss of $48,609). Net loss per share was $0.03 (September 30, 2012 – loss of $0.03). In 2013 and 2012, the management team focused on reversing the impact of non-cash, valuation sources where possible. Progress is being made on reversing these non-cash expenses which are focused on: 1) recovering capital from legacy bridge loans which have been written down, 2) identifying opportunities to reduce the provision for loan losses, 3) improving the valuation of equity investments through working with management to drive net profit, 4) capturing improvements in the United States real estate market.


Total assets as at September 30, 2013 were $10.0 million compared to $10.0 million as at December 31, 2012, no change from year end. In the first nine months of 2013, cash and short term investments decreased by $0.2 million. GC’s loan and convertible debenture portfolio amounted to $1.7 million, no change as compared to $1.5 million as at December 31, 2012. The Company’s portfolio investments amounted to $3.1 million, an increase of 15% as compared to $2.7 million at December 31, 2012. The fair market value of the Company’s portfolio investments include bonus shares received from the Company’s bridge loan activities as well as investment in growth companies. The Company records the changes in fair market value of its available-for-sale portfolio investments in ‘accumulated other comprehensive income’ on its balance sheet. The investment property portfolio did not change from the $1.9 million year end value (December 31, 2012 – $1.9 million). Equity method investments decreased by $0.5 million (TLD and MMC) at quarter end (value of equity investments at December 31, 2011 – $2.5 million).


A full set of unaudited financial statements and related notes have been filed on SEDAR.


Subsequent Events


On October 10, 2013, the Company announced the completion of a 12% secured convertible debenture (the “Loan”) in the principal amount of $2,875,000. Global Capital’s total participation was $800,000 of the total financing. The net proceeds of the Loan shall be used to as working capital for Poydras. Poydras is an Ontario corporation and the majority owner of Poydras Gaming, LLLP, a provider of capital and gaming equipment to casino operators and vendors in the U.S. Poydras Gaming currently owns slot machines operating in Oklahoma, and intends to use the funding from the financing to expand its operations in Oklahoma, and to enter into markets in other US states including initially California.


On November 26, 2013, GC announced the closing of subscription receipt private placement financing with gross proceeds of $2,166,080 in a non-brokered private placement of 7,736,000 subscription receipts at a price of $0.28 per subscription receipt. The Company intends to use the proceeds for its merchant banking transactions that it will announce upon completion. “We have been very happy with the recent completion of the Company’s financings. The Company has a healthy pipeline of bridge loan transactions currently that these funds will be deployed into and we look forward to providing updates to our shareholders on these transactions.” said CEO Jason Ewart.


About GC-Global Capital Corp


Global Capital is a merchant bank, which provides bridge loan services, to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global Capital’s website at www.gcglobalcapital.ca .


Forward-Looking Information


These materials include certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Other than statement of historical fact, all statements in this material, including, without limitation, statements regarding fair values of marketable securities, investments, bridge loans, convertible debentures, estimated asset retirement obligations, and future plans and objectives of the Company, are forward-looking statements that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of these materials.


Important factors that could cause actual results to differ materially from the Company’s expectations include, without limitation, the level of bridge loans completed, the nature and credit quality of the collateral security, the sufficiency of cost estimates for remaining reclamation obligations as well as those factors discussed in the Company’s documents filed from time to time with the TSX Venture Exchange, Canadian securities regulators and other regulatory authorities. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.


Neither 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 release.