Stephen Otter, Director of Royalty Distribution, Joins Global Care
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) – Global Care Capital Inc. (CSE:HLTH, FRANKFURT: L6V2) (the “Company” or “Global Care”), A global investment firm that engages in early stage investment opportunities in private and public companies, is pleased to announce the appointment of Stephen Otter, Senior Investment Officer, to its board of directors. As Chairman of the Board, Otter will guide and assist the management team on a day-to-day basis with respect to the company’s recent investment in the cryptocurrency royalty streaming space through the acquisition of ASIC Power Corporation. (“ASIC”).
“Creating tailor-made structured investments has been a priority for me and I strongly believe in the relevance of the royalty diffusion space to provide creative financing solutions to counterparts,” says Otter. “I am therefore delighted to have the opportunity to help guide the ASIC Power leadership team in introducing the Steam Royalty Business Model into the ever-growing cryptocurrency space that has significant financing needs and yet relatively scarce sources of capital currently available. “
With extensive experience in royalty streaming, Otter brings expertise in transaction structuring, risk mitigation and overall oversight and leadership of the board and management team.
Wouter Witvoet, co-founder of ASIC says: “Stephen is a very experienced investment professional having spent almost a decade in investment banking, followed by a long period in the royalty streaming business. We believe he is the perfect fit to chair the board and help guide the management team through this next phase of growth and expansion in royalty streaming. With extensive experience in traditional finance and royalty streaming, we feel very fortunate to have appointed him president. “
About Stephen Otter
Stephen Otter is a senior investment executive specializing in royalty streaming. He graduated with honors in economics from the London School of Economics before working in investment banking in London for almost a decade. After his stint in investment banking, Stephen moved into the royalty delivery space where he deployed capital in multiple royalty streams on behalf of US Private Equity. In this role, he analyzed hundreds of royalty streaming deals, including the execution of $ 100 million in stream funding at Premier Oil and up to $ 200 million in stream funding at 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 major hardware producers. He intends to identify low-cost, renewable energy-powered mining operations to implement new financing strategies in the form of royalties and streaming contracts on a global scale.
For more information and to subscribe to the ASIC mailing list, follow @asicpower on Twitter.
About Global Care
Global Care Capital is a global investment firm specializing in start-up financing for private and public companies. The Company engages in new early stage investment opportunities in previously underdeveloped assets and obtains positions in early stage investment opportunities that adequately reflect the risk profile.
GLOBAL CARE CAPITAL INC. :
Company details :
Alex Somjen, President and CEO
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All information in this press release regarding ASIC has been provided by ASIC for inclusion here, and the directors and officers of Global Care have relied on ASIC for this information.
Forward-looking information: This press release includes certain statements that may be considered “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “,”, “,” intended to identify forward-looking statements. While the Company believes that the expectations and assumptions upon which forward-looking statements are based are reasonable, forward-looking statements should not be relied upon because the Company cannot guarantee that they will prove to be correct. . . Because forward-looking statements deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently expected 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 www.sedar.com