Crown Alliance Capital Announces the Completion of a $1.5 Million Financing
(firmenpresse) - MISSISSAUGA, ON -- (Marketwired) -- 11/01/13 -- Crown Alliance Capital (OTC: CACL), a senior life settlement Company, is pleased to announce the completion of a $1.5 million secured debt financing which will be used for the purpose of expanding the Company's Senior Life Settlement portfolio, among other business related purposes.
"We are very happy to have completed this financing transaction," said Crown's President and CEO, Lorraine Fusco. "With the additional funding, we will be able to purchase another portfolio of Senior Life Settlements, expanding our existing portfolio. "
Crown Alliance Capital Limited (OTC: CACL) is a publicly reporting Corporation, formed in March of 2010 with the intention of acquiring senior life settlement policies. The company targets and acquires mainly universal life insurance policies that are no longer desired by individuals in order to build a large portfolio of policies that meet a rigid selection process. By becoming the owner/beneficiary of the policies and maintaining the premiums, Crown is able to obtain a substantial return on investment when each death benefit is ultimately paid.
Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
Contact:
Crown Alliance Capital Limited
2985 Drew Road, Suite 217
Mississauga, ON L4T OA4
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Datum: 01.11.2013 - 17:00 Uhr
Sprache: Deutsch
News-ID 311843
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MISSISSAUGA, ON
Kategorie:
Personal Finance
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