GC-Global Capital Corp. Announces Conversion of $1.28 Million VIQ Solutions Inc. Debenture into Equity and Sale of Common Shares.TORONTO -- GC-Global Capital Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GDE GDE Guide GDE Gewerkschaft Der Eisenbahner (German) GDE Graphical Development Environment GDE Generic Data Exemption GDE Gimbal Drive Electronics GDE General Dynamics Electronics Division .SV.A) (formerly Global (GMPC GMPC Green Mountain Power Corporation GMPC Group Management Policy Console (Microsoft) GMPC Gateway Mobile Positioning Centre (telecommunications) GMPC Governing Program Management Council ) Holdings Inc.) announces that it has converted the entire principal value of its $1,280,000 secured convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. in VIQ VIQ Verbal IQ VIQ Volunteer and Information Quinte (Ontario, Canada) VIQ Very Important Question VIQ Vessel Inspection Questionnaire VIQ Variation in Quantity VIQ Virtualized Input Queue VIQ Values Identification Questionnaire Solutions Inc. ("VIQ Solutions") (TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. "VQS VQS Voice Quality Server VQS Visual Quick Start "), issued on January 14, 2005, into Units of VIQ Solutions. The secured convertible debenture had a conversion price of $0.18 per Unit. Global was issued an aggregate of 7,111,111 common shares and 3,555,555 warrants on the conversion. Each warrant is exercisable into one common share of VIQ Solutions at a price of $0.30 until September 30, 2007. Global has sold the 7,111,111 common shares at prices ranging from $0.25 to $0.26 per share. The company continues to retain its warrants in VIQ Solutions. "Global has been pleased in working with VIQ Solutions' management over the last year. The company has made substantial progress with its business development. Going forward, the conversion of this debenture will provide VIQ with improved financial strength while at the same time providing Global and its shareholders with a very positive return on its bridge loan." said Jason Ewart, Global's Chief Executive Officer. He added, "We believe that VIQ Solutions is positioning itself for long-term growth and profitability." About VIQ Solutions Inc. VIQ Solutions is recognized as a global provider in the digital audio industry with innovative product and service-based solutions for voice-driven systems in the legal, medical, business, and government industries. VIQ Solutions provides an integrated range of digital record workflow solutions, including digital audio and video capture, workflow management software, transcription services, interactive electronic scheduling, and case management integration, all from one central, secure database. Additional information about VIQ Solutions may be obtained at www.viqsolutions.com. About Global Global 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. "The TSX Venture Exchange does not accept responsibility for the a dequacy or accuracy of this release." GC-Global Capital Corp. (TSX VENTURE:GDE.SV.A) |
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