S2C Global Systems said Tuesday that it has closed $1.875 million in debt financing from Swiss investment firm Aqua Segel Financial Group. S2C Global Systems’ subsidiary S2C Global Resources extracts both base and precious metals from resource deposits in Mexico.
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.