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GC-Global Capital Announces Completion Of Equity Offering


TORONTO, ONTARIO -- GC-Global Capital Corp. (“Global Capital”) (TSX VENTURE: GDE.A) is pleased to announce that it has completed its previously announced equity offering, for gross proceeds of approximately $5.5 million through the issuance of 4,782,609 units at a price of $1.15 per unit. The offering included a full exercise of the green shoe option by the underwriters for $500,000. Each unit is comprised of one subordinate voting share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase an additional subordinate voting share at a price of $1.50 per share at any time and from time to time until September 16, 2008. The underwriting syndicate was led by Laurentian Bank Securities Inc. and included Research Capital Corp.

The units issued under this offering were offered by way of a short-form prospectus in the provinces Ontario, Quebec and British Columbia.

“We have been very happy with the results of the financing and it has been a pleasure working with Laurentian Bank and Research Capital,” said CEO Jason Ewart.

Net proceeds from the offering will be used to continue to fund Global Capital’s growing merchant banking activities.

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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the company in any jurisdiction nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification or registration under applicable securities laws. An offering may only be made in Canada by means of a short form prospectus and in the United States only by means of a registration statement or pursuant to an exemption from the registration statement requirements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


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