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VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) — Global Care Capital Inc. (CSE:HLTH, FRANKFURT: L6V2) (the “Company” or “Global Care”) a global investment company which engages in early-stage investment opportunities in private and public companies, is pleased to announce the appointment of senior investment executive, Stephen Otter, to its Board of Directors. As Chair of the Board, Otter will guide and assist the day-to-day executive management team with respect to the company’s recent investment in the cryptocurrency royalty streaming space through the acquisition of ASIC Power Corporation (“ASIC”).
“Creating tailored structured investments has been a key focus for me and I am a strong believer in the relevance of the royalty streaming space in providing creative funding solutions to counterparts,” says Otter. “I am therefore delighted to have the opportunity to help guide the ASIC Power executive team in bringing the royalty steaming business model to the ever-growing cryptocurrency space which has large funding needs and yet has relatively scarce sources of capital currently available.”
With an extensive background of working in royalty streaming, Otter brings expertise in structuring transactions, mitigating risks, and providing general oversight and leadership to the Board and management team.
Wouter Witvoet, Co-founder of ASIC says: “Stephen is a very experienced investment professional having spent close to a decade in investment banking followed by a lengthy period in the royalty streaming space. We believe he is the ideal fit to Chair the Board and help guide the executive management team through this next phase of growth and expansion into the royalty streaming space. With a wealth of experience in traditional finance and royalty streaming, we feel very lucky to bring him on as Chairman.”
About Stephen Otter
Stephen Otter is a senior investment executive with a focus on the royalty streaming space. He graduated with first class honours in Economics from the London School of Economics before working in Investment Banking in London for close to a decade. Post his stint in Investment Banking, Stephen moved into the royalty streaming space where he deployed capital into multiple royalty streams on behalf of US Private Equity. In this role he analysed hundreds of royalty streaming deals including executing on $100m of stream funding to Premier Oil and up to US$200m of stream funding to Cairn Energy. Stephen advises several companies and high net worth individuals on their growth and investment strategies.
About ASIC Power Co.
ASIC gives mining companies access to its innovative cryptocurrency mining streaming contracts and chip pipeline through its partnerships with leading hardware producers. It intends to identify low cost, renewably powered mining operations to implement new financing strategies in the form of royalties and streaming contracts globally.
For more information and to register to ASIC’s mailing list follow @asicpower on Twitter.
About Global Care
Global Care Capital is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.
GLOBAL CARE CAPITAL INC.:
Alex Somjen, President & CEO
The CSE does not accept responsibility for the adequacy or accuracy of this release.
All information contained in this news release with respect to ASIC was supplied by ASIC for inclusion herein, and Global Care’s directors and officers have relied on ASIC for such information.
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on