SOURCE: Key Capital Corp

February 18, 2015 14:16 ET

Key Capital Corporation Settles First US$600,000 Tranche of GeoGlobal Resources, Inc. Series B Preference Shares

SCOTTSDALE, AZ--(Marketwired - Feb 18, 2015) - Key Capital Corporation (OTC PINK: KCPC) ("Key Capital" or "the Company") is pleased to advise that the Company has settled the first tranche of the GeoGlobal Resources (OTC PINK: GGLR) ("GeoGlobal") Series B Preference Shares pursuant to a Stock Purchase agreement entered into between the parties on August 24, 2014.

The Company is required to settle a further four tranches of the Series B Preference Shares at 180 day intervals in consideration of payment of US$600,000 for each tranche and to also provision a US$11.5 million loan facility agreement by March 23, 2015.

ABOUT KEY CAPITAL: Key Capital is a structured finance, and equity funder of resource projects that, through its funding agreements, retains streamed interests in the production of mines containing gold, silver, or base metals, or in energy products. The Company is a Georgia corporation headquartered in Scottsdale, Arizona.

For further information, please see www.keycapitalgroup.com or contact Chris Nichols, President/CEO at +1 (480) 745-2625, or info@keycapitalgroup.com.

ABOUT GEOGLOBAL RESOURCES (OTC Pink: GGLR): GeoGlobal Resources is an emerging international oil and gas E&P business with its major interests in India, where oil and gas production has commenced in three Blocks in the onshore Cambay Basin, and gas production testing has commenced from the major proven offshore Deen Dayal West Field in the Krishna-Godavari Basin where the group partners have spent over US$3 billion on exploration and development to date.

For further information, please see www.geoglobal.com or contact Don Benard, CEO at +1 (480) 745-2625 Ext 6 info@geoglobal.com.

Disclaimer
Statements made in this press release that express the Key Capital or Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause Key Capital's or the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. Key Capital and the Company cannot assure future financial results, levels of activity, performance or achievements and investors should not place undue reliance on Key Capital's or the Company's forward-looking statements.

Contact Information

  • Contacts:

    Chris Nichols
    Key Capital
    President/CEO
    +1 (480) 745-2625
    Email Contact

    Don Benard
    GeoGlobal Resources
    CEO
    +1 (480) 745-2625 Ext 6
    Email Contact