GC-Global Capital Corp. Enters Into Joint Venture Arrangement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/20/11 -- GC-Global Capital Corp. (TSX VENTURE: GDE.A) ("Global Capital") is pleased to announce it has entered into a joint venture called TGC Acquisition Corp. ("TGC") with Rossmore and Partners Investments Corp. ("Rossmore"), under which the parties have completed the acquisition of DDR Landscaping Contractors Ltd. ("DDR") for a purchase price of $2,500,000. Global Capital and Rossmore will have an equal interest in the joint venture. Global Capital has provided a $1,000,000 non-interest bearing demand promissory note to the joint venture company to finance the acquisition. Rossmore provided an additional $500,000 and the sellers have provided a $1,000,000 Vendor Take Back for the balance of the purchase price. The promissory note to TGC is guaranteed by DDR.
Based in Oakville, DDR is a commercial site contractor in the Ontario region. It has been a leader in the industry for the past 15 years. Employee structural changes at DDR will be minimal. All of the employees will continue to work at DDR and the previous owners will remain an integral part during the transitional period.
Global Capital's joint venture partner, Rossmore, is headed up its principal, Susan Tanenbaum who has more than 20 years of senior management experience with industrial companies and has worked throughout the United States and Canada.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
GC-Global Capital Corp
Jason G. Ewart
C.E.O.
(416) 488-7760
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2011 - 13:30 Uhr
Sprache: Deutsch
News-ID 36309
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Investment Opinion
Diese Pressemitteilung wurde bisher 182 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"GC-Global Capital Corp. Enters Into Joint Venture Arrangement"
steht unter der journalistisch-redaktionellen Verantwortung von
GC-Global Capital Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
