TORONTO, ONTARIO – GC-Global Capital Corp. (“Global Capital”) (TSX Venture Exchange “GDE.A”) announces today that it proceeding with a non-brokered private placement of 7,000,000 subordinate voting shares at a price of $0.13 per share for total gross proceeds of $910,000. The proceeds of the financing will be used for a secured convertible debenture transaction that the Company expects to announce the details of soon after closing of the private placement financing. The subordinate voting shares issued will be subject to a four-month hold period.
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 .
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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.