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

GC-Global Capital Corp.

March 12, 2015 11:55 ET

GC-Global Capital Corp. Announces Closing of Best Efforts Public Offering

TORONTO, ONTARIO--(Marketwired - March 12, 2015) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to announce that it has closed the "best efforts" public offering previously announced on January 16, 2015 (the "Offering"). Pursuant to the Offering, Global Capital issued 11,994,355 subordinate voting shares (the "Shares") at a price of $0.45 per Share for gross proceeds of $5,397,459.75. Canaccord Genuity Corp. acted as agent for the Offering.

"We are very pleased with the success of this public offering and are confident in our strategy as a specialty finance firm for the growth sector in Canada." said Jason Ewart, Chief Executive Officer of Global Capital.

The net proceeds from the Offering will be used to fund Global Capital's merchant banking activities, including investing in public and private companies in the form of common equity, preferred shares, convertible debentures and secured bridge loans.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. All dollar figures are expressed in Canadian dollars.

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.

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.

Contact Information