S2C Global Completes US$1.8 Million Financing
SCOTTSDALE, Arizona, February 4, 2014 /PRNewswire/ --
S2C Global Systems, Inc. and its wholly owned subsidiary S2C Global Resources (OTC: STWG) ("the "Company") is pleased to announce the completion of a US$1.875 million debt financing agreement with Aqua Segel Financial Group Inc. The debt agreement is non-convertible and secured against the Company's property assets over a 4 year term with an interest rate of 8.2%.
S2C Global President, Daniel Roth, commented that the Company has been engaged in negotiations to acquire a past producing iron ore property located in Michoacan, Mexico, and the completion of this financing agreement is a vital step forward in proceeding with S2C's business plans. "Our deal with Aqua Segal Financial is the last piece of the puzzle needed to complete the property acquisition and advance our position as a base metals producer in Mexico."
Aqua Segel Financial Group Inc. is an investment firm based in Zurich that provides debt and equity financing solutions to emerging resource companies primarily operating in Latin and South America.
For further information regarding S2C Global (STWG) visit our website at http://www.s2cglobalresources.com or contact us at (480) 305-2047
About the Company
S2C Global Resources (STWG) is in the business of extracting both base and precious metals from known resource deposits primarily in the ore rich regions of Mexico. STWG is able to provide the technical expertise, knowledge of the local business environment and funding required for bringing existing undercapitalized small-scale mining operations into full production utilizing economies of scale to provide maximum return to our shareholders.
Safe Harbor Statement
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions) should be considered to be forward-looking statements and the safe harbor provisions of said Act do not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward- looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. We do not assume any obligation to update any forward-looking statements.
Investor Relations / Daniel Roth
SOURCE S2C Global Systems, Inc.
More by this Source
S2C Global Initiates Trenching Program at San Cristobal Iron Ore Mine
Mar 05, 2014, 11:25 ET
S2C Global's Infrastructure Improvements to Increase Production at San Cristobal Mine
Feb 26, 2014, 07:31 ET
comeS2C Global Completes US$1.8 Million Financing
Feb 04, 2014, 08:29 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.