|By PR Newswire||
|March 11, 2014 05:00 AM EDT||
ORLANDO, Fla., March 11, 2014 /PRNewswire/ -- Capital Corp Merchant Banking's latest client aims to mine titanium, then treat it and sell it to the U.S. and China, the two biggest consumers of this mineral in the world. Titanium dioxide is most commonly found in paints, varnishes, papers, plastics, cosmetic products, rubber, sunscreens, printing inks, fibers, glass and glass ceramics, and electric conductors.
The titanium ore will be mined and processed in Mexico, then shipped out to buyers. China's appetite for titanium dioxide, in particular, has increased dramatically in the past decade, making it a profitable market for manufacturers and sellers.
The funding agreement Capital Corp Merchant Banking has entered into with its client amounts to $52.5M, 100% of which will be disbursed through common stock. The method by which this project is to be funded is the brainchild of Mr Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 39 years. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Register's Who's Who, and having received the Senatorial Medal of Freedom, among many others.
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. For further information, please visit our website.
SOURCE Capital Corp Merchant Banking