|By Marketwired .||
|August 25, 2014 01:38 PM EDT||
SCOTTSDALE, AZ -- (Marketwired) -- 08/25/14 -- Key Capital Corporation ("Key Capital" or the "Company") (PINKSHEETS: KCPC) is pleased to advise that the Company has entered into funding agreements for the following projects, after completing initial due diligence and site visits:
1. The Doves Nest, Colorado Gold Project has secured gold mining tenements in the Idaho Springs, Century City historic gold mining district. The tenements include numerous ore dumps together with underground rights. All Mining permits are granted. The current pilot plant, which has been bulk testing legacy ore dumps, is proposed to be replaced with a 400tpd plant to commence its permitted commercial production. The Project requires funding of US$6 million, and the Company will hold a 35% interest in the Project.
2. The Chloride Copper Mine in Arizona ceased operation in 1993 when copper prices were below US$1.00/lb. To recommence production operations at the mine, the Project only requires US$13 million to refurbish existing infrastructure and plant. The existing core infrastructure value is conservatively estimated at US$10 million to US$15 million. Following funding, the Company will initially hold a 40% interest in the Project, reducing to 35% following full loan repayment.
3. The Jayapura Nickel Project in Papua, Indonesia seeks to process nickel laterite and underlying saprolite; the concentrate will then either be sold within Indonesia, or the Project interests will enter into agreement for rotary kiln arc furnace value-add processing through a joint venture or similar structure. The Project requires a first phase funding commitment of US$3.25 million to proceed and a further US$5.25 million in a second phase funding. Following funding and an earn-out payment to a current major owner, Key Capital will hold a 75% interest in the Project.
4. The GeoGlobal Oil & Gas Project has interests in two major Exploration & Production (E&P) basins in India. The project partners have already invested over US$3 billion in these basins, and the onshore interests, in which 14% and 20% Participating Interests are held, are now producing oil. The offshore gas field, in which a 10% (5% net) Carried Interest is held, commenced gas production earlier this month. Current production has significant potential for expansion. Through Key Capital's agreement with GeoGlobal, the Company has provided funding of US$100,000 and support services estimated at US$200,000 over the past four months to stabilize the company and to resolve partner and former partner interests in India. The Company's funding and support has proved critical to GeoGlobal's economic survival. Project funding will commence with a first phase of US$6 million, followed by a second phase second phase of US$9 million. A potential third phase of an additional US$15 million, if required, would fund production expansion. Key Capital has agreement to 42% of the revenue rights of the Indian onshore production and, further, has an option to acquire a 65% interest in the GeoGlobal corporate, or equivalent project interest, for US$3.5 million.
Key Capital continues to progress a number of other projects in its pipeline and will advise as finalized.
Accredited Investors can participate in funding Key Capital projects through the Company's related party partner's portal at www.redrockassets.com. Red Rock Assets LLC Lending Members are offered a base fixed 7.5% interest, plus a profit share, for a total average return of over 15%. These loans are supported by Key Capital via its Capital Safeguard provision. For details, see www.redrockassets.com.
ABOUT KEY CAPITAL: Key Capital is a resource industry business positioned to provision funding of junior mining and energy projects through structured financing and/or streaming agreements. The Company is incorporated in Georgia and headquartered in Phoenix, Arizona.
For further information, see www.keycapitalgroup.com.
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results, levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. In connection therewith, as the Company is non-reporting and further has not yet provided for lodgment of disclosure documents on the OTC Disclosure and News Service Platform, readers of this press release should be especially cautious since as evidenced by the "Stop Sign" OTC Pink No Information designation at otcmarkets.com; the Company currently does not provide disclosure.
telephone +1 (480) 745-2565
email at Email Contact
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 25, 2017 12:30 PM EDT Reads: 1,116
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Apr. 25, 2017 12:15 PM EDT Reads: 901
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Apr. 25, 2017 12:15 PM EDT Reads: 2,489
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Apr. 25, 2017 12:00 PM EDT Reads: 841
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTred processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Apr. 25, 2017 12:00 PM EDT Reads: 2,697
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 25, 2017 11:30 AM EDT Reads: 4,807
Quickly find the root cause of complex database problems slowing down your applications. Up to 88% of all application performance issues are related to the database. DPA’s unique response time analysis shows you exactly what needs fixing - in four clicks or less. Optimize performance anywhere. Database Performance Analyzer monitors on-premises, on VMware®, and in the Cloud, including Amazon® AWS and Azure™ virtual machines.
Apr. 25, 2017 11:30 AM EDT Reads: 1,779
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 25, 2017 11:30 AM EDT Reads: 248
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyor belt between the Software Factory and production stages. Artifacts are ...
Apr. 25, 2017 11:30 AM EDT Reads: 1,044
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 25, 2017 11:30 AM EDT Reads: 257
Back in February of 2017, Andrew Clay Schafer of Pivotal tweeted the following: “seriously tho, the whole software industry is stuck on deployment when we desperately need architecture and telemetry.” Intrigue in a 140 characters. For me, I hear Andrew saying, “we’re jumping to step 5 before we’ve successfully completed steps 1-4.”
Apr. 25, 2017 11:15 AM EDT Reads: 1,596
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Apr. 25, 2017 10:30 AM EDT Reads: 629
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Apr. 25, 2017 10:30 AM EDT Reads: 366
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Apr. 25, 2017 10:15 AM EDT Reads: 2,091
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 25, 2017 10:00 AM EDT Reads: 939