TORONTO, ONTARIO – GC-Global Capital Corp. (“Global Capital” or the “Company”) (TSX Venture Exchange “GDE.A”) announces today that it is proceeding with a non-brokered private placement of 5,000,000 subordinate voting shares at a price of $0.40 per share for total gross proceeds of $2,000,000 (the “Offering”). The proceeds of the Offering will be used for bridge loans and other investment transactions that the Company expects to announce the details of soon after closing of the Offering which is anticipated to take place on or about June 9, 2014. The subordinate voting shares issued will be subject to a four-month hold period. The Company intends to pay a finder’s fee of 4% in cash of the gross proceeds of the Offering. The Offering will be made by the Company on a best efforts basis.
Closing of the private placement offering is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.
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.