Global Care Capital appoints Stephen Otter to its Board of Directors as Chairman

– CANADA, Vancouver –  Global Care Capital Inc. (CSE: HLTH | FRA: L6V2) a global investment company which engages in early-stage investment opportunities in private and public companies, today announced the appointment of senior investment executive, Stephen Otter, to its Board of Directors as Chair of the Board.

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. He will guide and assist the day-to-day executive management team concerning the recent investment in the cryptocurrency royalty streaming space through the acquisition of ASIC Power Corporation.

Wouter Witvoet, Co-founder of ASIC commented: “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 honors 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.

“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,” said Stephen 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.”

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.

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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.

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