Spectral Capital Corporation (FCCN)
Fears over the deteriorating situation in Lybia and the spreading of further violence in the region, have boosted gold prices. Gold is currently on track for its biggest one-month rise since last August. The value of gold-mining companies not only increases when they discover the precious metal, but also when the price of gold goes up.
FCCN is focused on the acquisition of a significant portfolio of properties for mining activities. FCCN has acquired two very large mineral properties, both of which have the potential to yield gold and other minerals that would create massive value. Both of these properties are in regions where significant gold has been found while also providing us with a geographic balance. FCCN engages in the refinement and marketing of a suite of media search engine technologies. FCCN’s technology provides customers and consumers with search engine solutions consisting of various modules that work together providing search engine system to discover, scrape, index, and generate metadata in really simple syndication (RSS) format for syndication to various Internet enabled devices.
FFCN is pleased to announce details and progress regarding its planned $167,500,000 financing through the Export-Import Bank of the United States. FCCN plans to raise a total of more than $200,000,000 during the first 36 months of development of its Chita Property and has made a minimum commitment of $35,000,000 within the first 24 months.
“The Export-Import Bank (’Ex-Im Bank’) is the Official Export Credit Agency of the United States Government. We have been impressed with the way that Ex-Im Bank has assisted US Companies, like Spectral, to develop substantial, capital intensive projects throughout the world. We received the Letter of Interest from the Ex-Im Bank indicating their interest in providing direct loans or loan guarantees totaling $167,500,000 USD toward the development of our Gold and Mineral Property in the Chita Region of Russia, subject to the completion of a satisfactory evaluation by Ex-Im Bank regarding all of the outstanding issues necessary to complete a financing like this one.” Announced Jenifer Osterwalder, CEO of Spectral. “Although we believe that more than $200,000,000 USD will be required to fully develop the project, a loan or guarantee from Ex-Im Bank of $167,500,000 will go a long way toward providing the financing that we need to fully exploit the Chita Property.”
More information about Spectral Capital Corporation visit: http://www.spectralcapital.com/
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