GC-Global Capital Corp.
TSX VENTURE : GDE.A

GC-Global Capital Corp.

June 30, 2011 13:18 ET

GC-Global Capital Corp. and Synchronica plc Enter Into $500,000 Loan Agreement

TORONTO, ONTARIO--(Marketwire - June 30, 2011) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") and Synchronica plc (TSX VENTURE:CTS) ("Synchronica") are pleased to announce the completion of a 60 day secured loan (the "Loan") in the principal amount of $500,000. The net proceeds of the Loan shall be used for working capital requirements.

The Loan matures 29th August 2011 and bears interest at 1.25 per cent per month, payable monthly. As consideration for providing the Loan, Global Capital was issued 200,000 new common shares in Synchronica and 285,714 share warrants, (exercisable at C$ 0.35 each for three years) which will vest only if the loan is not repaid by the maturity date. The common shares issued pursuant to the Loan will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation. The issued common shares represent a 0.13 per cent dilution of Synchronica's outstanding shares.

Global Capital acted as lead lender in the transaction providing $450,000 of the Loan along with a related party, the GC-Global Capital Lending Partners Limited Partnership fund for $50,000.

Global Capital acted previously as the lead lender in another loan transaction with Synchronica, announced in February, 2011.

About Global Capital

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.

Cautionary Statements

The foregoing information may contain forward-looking statements relating to the future performance of Synchronica plc. Forward-looking statements, specifically those concerning future performance or results, are subject to certain risks and uncertainties, and actual results may differ materially from Synchronica's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the public filings and announcements made by Synchronica, including those made with AIM, a market of the London Stock Exchange, with the TSX Venture Exchange or with securities regulators. Synchronica does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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