World’s First Peer-to-Peer Platform for Mining Industry to Fund Key Capital Partner Projects
07 April 2014 - 3:00PM
Access Wire
Redrockassets.com To Fund Mining Projects
SCOTTSDALE, ARIZONA / ACCESSWIRE / April 7, 2014 – KEY
CAPITAL CORPORATION (OTC Pink: KCPC) advises that the
Company has entered into a funding agreement with Red Rock Assets
LLC.
Red Rock Assets LLC a related party, is scheduled to launch
www.redrockassets.com, the world’s first Peer-to-Peer Social
Lending Platform for the mining industry, next month.
Peer-to-Peer Lending, Social Lending, or Debt Crowdfunding, is a
fast-emerging attractive alternative for investors seeking interest
rates superior to those offered through banks. Social Lending
empowers lenders to select the parties to whom they contributively
lend at the varying rates of return offered. This funding
initiative with Red Rock Assets will provide a much-needed avenue
for the junior mining sector to receive funding for its production
projects in a market where little support currently exists from
traditional banking and/or equity lenders.
For the first time ever, individual lenders are able to
participate directly in the lucrative lending to mining projects
that has historically been dominated by banks and institutions.
Through www.redrockassets.com, lenders will have the opportunity
to select the Key Capital mining project loans in which they
participate. This introduction of a new class of asset for lenders
in the social lending market will provide for a base high-yield
7.5% per annum return as well as profit share participation. In
each project in which the Red Rock Assets LLC Lending Members
participate, they will receive, in addition to their 7.5% interest
return, a pro-rata share in a forecast minimum 7.5% return from the
commencement of each respective project’s commercial
production.
In all project loan cases, Key Capital determines each project’s
commercial viability and secures a charge over each borrower
project and the recoverable metals and/or minerals. Before each
project loan finalizes, each charge is assigned to Red Rock Assets
LLC to be held as a security for their Lending Member loans that
participate in the respective mining project loans.
As well as the provisioning of project funding through Red Rock
Assets LLC, under the terms of the Agreement, Key Capital also has
a three-year option to acquire 15% of Red Rock Assets LLC in
consideration of payment of US$2,000,000.
ABOUT KEY CAPITAL: Key Capital is a streaming,
structured finance, and equity funder of mining projects that
through its agreements with its client partners retains an interest
in the production of mines containing gold, silver, base metals, or
energy products. The Company is a Georgia corporation headquartered
in Scottsdale, Arizona.
For further information see www.keycapitalgroup.com
For Contact Chris Nichols, President/CEO at +1 (480) 745-2625,
or info@keycapitalgroup.com
ABOUT RED ROCK ASSETS LLC: Red Rock
Assets is launching the world’s first online Peer-to-Peer
Lending Platform for the mining industry. Red Rock Assets will
offer its Lending Members direct access to mine project loan
opportunities that previously have been restricted to banks,
financial institutions, and the well-connected. Red Rock Assets
empowers its Lending Members to direct their loan funds to mine
projects that offer Lending Members a 7.5% high-yield interest per
annum plus a forecast minimum additional 7.5% return through a
pro-rata profit share from the projects in which they respectively
participate.
For further information see www.redrockassets.com
For contact: Matthew Freedman, President/CEO at +1
(480) 426-9228, or info@redrockassets.com
Disclaimer
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.
SOURCE: Key Capital
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