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GDE.A

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Share Name Share Symbol Market Type
TSXV:GDE.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

GC-Global Capital Corp. and Synchronica plc Enter Into $500,000 Loan Agreement

30/06/2011 6:19pm

Marketwired Canada


GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") and Synchronica
plc (TSX VENTURE:CTS) ("Synchronica") are pleased to announce the completion of
a 60 day secured loan (the "Loan") in the principal amount of $500,000. The net
proceeds of the Loan shall be used for working capital requirements.


The Loan matures 29th August 2011 and bears interest at 1.25 per cent per month,
payable monthly. As consideration for providing the Loan, Global Capital was
issued 200,000 new common shares in Synchronica and 285,714 share warrants,
(exercisable at C$ 0.35 each for three years) which will vest only if the loan
is not repaid by the maturity date. The common shares issued pursuant to the
Loan will be subject to resale restrictions for a period of four months from the
closing date under applicable securities legislation. The issued common shares
represent a 0.13 per cent dilution of Synchronica's outstanding shares.


Global Capital acted as lead lender in the transaction providing $450,000 of the
Loan along with a related party, the GC-Global Capital Lending Partners Limited
Partnership fund for $50,000.


Global Capital acted previously as the lead lender in another loan transaction
with Synchronica, announced in February, 2011.


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.


Cautionary Statements

The foregoing information may contain forward-looking statements relating to the
future performance of Synchronica plc. Forward-looking statements, specifically
those concerning future performance or results, are subject to certain risks and
uncertainties, and actual results may differ materially from Synchronica's plans
and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the public filings and announcements
made by Synchronica, including those made with AIM, a market of the London Stock
Exchange, with the TSX Venture Exchange or with securities regulators.
Synchronica does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise.


1 Year GC-Global Capital Corp. Chart

1 Year GC-Global Capital Corp. Chart

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1 Month GC-Global Capital Corp. Chart