GC-Global Capital Corp.'s Chairman Retires from the Board
Toronto, Ontario--(Newsfile Corp. - April 1, 2015) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") announced today the retirement of longtime Chairman Gordon Ewart from its Board of Directors. Gordon Ewart has been Chairman since co-founding the Company in 2003. Prior to the formation of Global Capital, Mr. Ewart was a co-founder of Quest Capital Corp., a TSX traded Canadian merchant bank with approximately $250 million in assets. He also co-founded three merchant banks, two of...
2015-04-01 8:03 PM EDT
GC-Global Capital Corp. and the Hydropothecary Corporation Enter into a Secured Convertible Debenture
Toronto, Ontario--(Newsfile Corp. - December 18, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") and The Hydropothecary Corporation ("THC") are pleased to announce the completion of a 12% secured convertible debenture (the "Loan") in the principal amount of $1,015,000. Global Capital's total participation was $500,000 of the total financing. The net proceeds of the Loan shall be used to as working capital for THC. THC, through its wholly-owned subsidiary, 167151 Canada Inc....
2014-12-18 4:10 PM EST
GC-Global Capital Corp. Announces Its Financial Results for the Third Quarter 2014
Toronto, Ontario--(Newsfile Corp. - November 28, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") announces its financial results for the third quarter ending September 30, 2014. Highlights Nine month revenue of $3.5 million, up significantly from $409,316 in 2013; Net income for the nine month period of $781,000 ($0.03 per share); Portfolio of publicly traded companies $5.1 million, up from $3.3 million in the second quarter; Increase of total assets to $13.5 million from...
2014-11-28 4:15 PM EST
GC-Global Capital Corp. Invests in Smart Employee Benefits Inc.
Toronto, Ontario--(Newsfile Corp. - October 29, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") is pleased to announce that it has participated in a private placement financing of Smart Employee Benefits Inc. (TSXV: SEB) ("SEB"). SEB's core expertise is managing specialized Big Data environments, of which healthcare and benefits claims processing is a major focus. SEB uses a SaaS business model to provide software solutions and services specializing in managing group benefit...
2014-10-29 4:17 PM EDT
GC-Global Capital Corp. Announces its Financial Results for the Second Quarter 2014
Toronto, Ontario--(Newsfile Corp. - August 29, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") announces its financial results for the second quarter ending June 30, 2014. Highlights Six month revenue of $1.7 million, up significantly year over year; Net income for the second quarter of $993,509 ($0.03 per share); Ended the quarter with a cash position of $1.7 million and public company investments of $3.4 million; Increase of total assets to $13.2 million from $9.8 million...
2014-08-29 4:10 PM EDT
GC-Global Capital Corp. Announces Advantagewon Oil Corp's Upcoming Texas Drilling Schedule and Update on Its Initial Drilling Results
Toronto, Ontario--(Newsfile Corp. - August 25, 2014) - GC-Global Capital Corp.'s (TSXV: GDE.A) ("Global Capital") client company, Advantagewon Oil Corp. ("Advantagewon" "AOC"), has scheduled the end of August for the start of their second drilling program on its Saratoga oil property in the state of Texas. As Global Capital announced in June, AOC had entered into a secured $1,000,000 operating line agreement with the Company. The initial advance of $600,000 was made August 25th. Global also...
2014-08-25 4:15 PM EDT
GC-Global Capital Corp. Announces the Appointment of Mr. Steven Haasz as Chief Financial Officer
Toronto, Ontario--(Newsfile Corp. - July 2, 2014) - GC-Global Capital Corp.'s (TSXV: GDE.A) ("Global Capital" or "the Company") Chief Executive Officer Jason Ewart is pleased to announce, that as part of its continued growth strategy, Mr. Steven Haasz, CPA, CA, has been appointed interim Chief Financial Officer (CFO) of the Company. Steven Haasz has over 15 years of experience working in the financial sector across North America. Mr. Haasz is the founder of Consol Asset Group, a boutique...
2014-07-02 6:46 PM EDT
GC-Global Capital Corp. and Advantagewon Oil Corp. Enter into $1,000,000 Secured Operating Line Agreement
Toronto, Ontario--(Newsfile Corp. - June 19, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") and Advantagewon Oil Corp. ("AOC") are pleased to announce the completion of a $1,000,000 secured operating line agreement (the “Operating Line”) to be used for the upcoming summer drilling program on Advantagewon Oil’s Saratoga oil property in the state of Texas. The Operating Line will be drawn down by way of an initial advance of up to $600,000 for the drilling of the first well....
2014-06-19 5:30 PM EDT
GC-Global Capital Corp. Announces Closing of Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - June 17, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) (“Global Capital” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement of 5,375,000 subordinate voting shares at a price of $0.40 per share for total gross proceeds of $2,150,000. The proceeds of the financing will be used for a secured convertible debenture transaction that the Company expects to announce the details of soon after closing...
2014-06-17 3:49 PM EDT
GC-Global Capital Corp. Announces an Increase of its Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - June 16, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") wishes to announce that, further to its news release on May 26, 2014, it has increased its non-brokered private placement from $2,000,000 to $2,150,000. Under the new terms of the private placement, Global Capital will issue 5,375,000 subordinate voting shares at an issue price of $0.40 per share. About GC-Global Capital Corp. Global Capital is a merchant bank, which provides bridge...
2014-06-16 12:31 PM EDT
GC-Global Capital Corp. Announces Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - May 26, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital" or the "Company") 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...
2014-05-26 8:12 PM EDT
GC-Global Capital Corp. Announces its Financial Results for the First Quarter Ended March 31, 2014
Toronto, Ontario--(Newsfile Corp. - May 23, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") announces its financial results for the first quarter ending March 31, 2014. Overall First Quarter Performance The Company had an active first quarter for bridge financing with over $907,500 advanced to investee companies (Advantagewon Oil Corp. - $257,500, Advantagewon Inc. - $100,000, Innovative Composites Inc. - $300,000 and Tier 3 - $250,000) which continues in the second quarter...
2014-05-23 7:33 PM EDT
GC-Global Capital Corp. Sets Record Date for Distribution of Preferred Shares
Toronto, Ontario--(Newsfile Corp. - May 14, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital" or the "Company") previously announced in an October 23, 2013 press release the intention is to spin-out a wholly-owned subsidiary real estate investment company, GC Marathon Financial Corp. ("GC Marathon") in the form of a return of capital share distribution to Global Capital's shareholders. Although GC Marathon filed a preliminary prospectus dated March 13, 2014 in this regard, GC...
2014-05-14 7:02 PM EDT
GC-Global Capital Corp. Investee - Poydras Gaming Finance Corp. - Completes Reverse Take-Over, Acquisitions, and Concurrent Financings
Toronto, Ontario--(Newsfile Corp. - May 12, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) (“Global Capital”) is pleased to announce that its investee company, Poydras Gaming Finance Corp. (“Poydras” or the “Company” – formerly known as Great Northern Gold Exploration Corporation) (TSXV symbol: PYD) has completed its reverse take-over (“RTO”) pursuant to a plan of arrangement with Poydras Specialty Finance Corp. (“PSFC”). Concurrent with the closing of the RTO, the Company also completed two...
2014-05-12 6:06 PM EDT
GC-Global Capital Corp. and 3 Tier Logic Inc. Enter Into A Secured Convertible Debenture
Toronto, Ontario--(Newsfile Corp. - May 5, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") and 3 Tier Logic Inc. (“3 Tier”) are pleased to announce the completion of a 12% secured convertible debenture (the “Loan”) in the principal amount of $1,015,000. Global Capital’s total participation was $250,000 of the total financing. The net proceeds of the Loan shall be used to as working capital for 3 Tier. Founded in 2008, 3 Tier develops proprietary digital marketing applications...
2014-05-05 5:37 PM EDT
GC-Global Capital Corp. Announces its Financial Results for the Year Ended December 31, 2013
Toronto, Ontario--(Newsfile Corp. - April 30, 2014) - GC-Global Capital Corp. ("Global Capital") (TSX-V: GDE.A) announces its financial results for the year ended December 31, 2013. Fiscal 2013 was a year of major transition for the Company. We recapitalized the Company in late 2013 (gross proceeds of $3.07 million) and early 2014 (gross proceeds of $1.0 million) for a total of $4.0 million of new capital financings. "Our financial statements reflect deliberate changes made in virtually every...
2014-04-30 5:45 PM EDT
GC-Global Capital Corp. Seizing Joint Venture Assets
Toronto, Ontario--(Newsfile Corp. - April 9, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") announces that it is seizing the assets of Tanenbaum Landscaping & Design Inc. (“TLD”) which declared bankruptcy on April 8, 2014. Global Capital is working with TLD’s bankruptcy administrator to seize TLD’s assets which secure its promissory note in (the “Note”). The Note is secured by all of TLD’s assets under General Security Agreements and guarantees. Global Capital will provide...
2014-04-09 5:45 PM EDT
GC-Global Capital Corp. Announces The Election of Messrs. Paul Kelly and Morris Prychidny to Its Board of Directors
Toronto, Ontario--(Newsfile Corp. - March 20, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital" or "the Company") is pleased to announce that Mr. Paul Kelly and Mr. Morris Prychidny have joined as members of the board of directors of Global Capital. Based in Toronto, Mr. Kelly has experience within the North American steel industry. He was the former President and Chief Executive Officer and a director of Slater Steel Inc., from May 1998 to May 2004. Slater steel was a...
2014-03-20 5:51 PM EDT
GC-Global Capital Corp. announces that its Client Company Advantagewon Inc. has entered into a contract with Mr. Transmission
Toronto, Ontario--(Newsfile Corp. - March 18, 2014) - GC-Global Capital Corp.'s (TSXV: GDE.A) ("Global Capital") client company, Advantagewon Inc. ("Advantagewon"), has entered into an agreement with Richmond Hill based Mr. Transmission, to be the main provider of transmission and driveline repair financing across the country. Since first opening in 1963, Mr. Transmission has grown to over 60 franchises from coast to coast becoming the largest chain of transmission and driveline repair...
2014-03-18 5:53 PM EDT
GC-Global Capital Corp. Announces Close of Subscription Receipt Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - March 14, 2014) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 2,941,176 subscription receipts ("Subscription Receipts") at a price of $0.34 per Subscription Receipt for aggregate gross proceeds of $1,000,000 (the "Offering"). Each Subscription Receipt will be deemed to have been exchanged for one common share of the Company (a "Common Share") for no...
2014-03-14 7:39 PM EDT