GC-Global Capital Corp.

GC-Global Capital Corp.

April 04, 2012 16:31 ET

GC-Global Capital Corp. Announces the Renewal of its Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - April 4, 2012) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") announces that it has been authorized by the TSX Venture Exchange ("TSXV") to make a normal course issuer bid. Global Capital intends to purchase from time to time, if and to the extent Global Capital considers advisable, up to a maximum 924,402 subordinate voting shares out of the total 18,488,045 issued and outstanding on April 2, 2012. The number of shares proposed to be acquired represents approximately 5% of the total number of the issued and outstanding subordinate voting shares. The bid will commence on April 10, 2012 and end on April 9, 2013.

The shares will be purchased in the open market through the facilities of the TSXV. The purchased shares are to be cancelled. All purchases are to be settled in accordance with normal settlement procedures of the TSXV. Purchases pursuant to the bid will be made by Canaccord Wealth Management on behalf of Global Capital. Global Capital has a policy of maintaining a normal course issuer bid on its subordinate voting shares. Through a normal course issuer bid during the period April 3, 2011 to April 2, 2012 Global Capital purchased 841,900 subordinate voting shares at an average cost of $0.35.

About Global Capital

Global Capital is a merchant bank, which provides bridge loan services (asset back/collateralized financing), to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, visit Global Capital's website at www.gcglobalcapital.ca.

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.

Contact Information