GC-Global Capital Corp. Announces its Financial Results for the Second Quarter Ended June 30, 2011
29 Agosto 2011 - 10:30PM
Marketwired
GC-Global Capital Corp. ("Global Capital") (TSX VENTURE: GDE.A) is
pleased to announce its financial results for the second quarter
ending June 30, 2011.
Results from the Second Quarter
-Second quarter revenues of $276,896 versus $232,773 in the second
quarter of 2010;
-Net loss for the second quarter of $599,949 compared to $396,856 in
Q2, 2010;
-Loss per share of $0.03 for the second quarter;
-Net asset value per share of $0.78 at quarter end;
-Healthy cash and short-term investments balance of $2.9 million at
the end of the quarter.
Management's Second Quarter Comments
As at June 30, 2011 Global Capital had net assets totaling $14.6
million or $0.78 per share compared to $15.6 million or $0.81 per
share as at December 31, 2010. Net loss for the six months ended
June 30, 2011 was $229,706 (2010 - net income of $28,869) Net loss
for the quarter ended June 30, 2011 was $599,949 (2010 -
$396,856).
A full set of unaudited financial statements and related notes
have been filed on SEDAR.
About GC-Global Capital Corp.
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.
Forward-Looking Information
These materials include certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Other than statement of historical fact, all statements in
this material, including, without limitation, statements regarding
fair values of marketable securities, investments, bridge loans,
convertible debentures, estimated asset retirement obligations, and
future plans and objectives of the Company, are forward-looking
statements that involve various known and unknown risks,
uncertainties and other factors. There can be no assurance that
such statements will prove accurate. Actual results and future
events could differ materially from those anticipated in such
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements that speak only as of the date of
these materials. Important factors that could cause actual results
to differ materially from the Company's expectations include,
without limitation, the level of bridge loans completed, the nature
and credit quality of the collateral security, the sufficiency of
cost estimates for remaining reclamation obligations as well as
those factors discussed in the Company's documents filed from time
to time with the TSX Venture Exchange, Canadian securities
regulators and other regulatory authorities. All subsequent written
and oral forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by this notice.
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. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
Contacts: GC-Global Capital Corp. Jason G. Ewart (416) 488-7760
www.gcglobalcapital.ca
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