Latest Crown Alliance Cap (CACL) Headlines
Crown Alliance Capital Announces the Completion and Filing of Its 10Q
Marketwire - Tue Feb 18, 11:21AM CST
Crown Alliance Capital Limited (OTC: CACL) announced the filing of its second quarter 10Q with the US Securities and Exchange Commission.
Crown Alliance Capital Announces the Completion of Purchase of Portfolio
Marketwire - Mon Nov 04, 11:00AM CST
Crown Alliance Capital (OTC: CACL), a senior life settlement Company, is very pleased to announce that on October 31, 2013, we completed the purchase of the last of the four policies we agreed to purchase under our Policy Purchase Agreement with Universal Settlements International, Inc. ("USI"). Crown's President and CEO, Lorraine Fusco said, "With the receipt of the recent funding and the completion of this agreement, we can now move forward in the implementation of our business plan and the expansion of our existing portfolio. I want to thank all of our shareholders for their patience and support during our growth process."
Crown Alliance Capital Announces the Completion of a $1.5 Million Financing
Marketwire - Fri Nov 01, 12:00PM CDT
Crown Alliance Capital (OTC: CACL), a senior life settlement Company, is pleased to announce the completion of a $1.5 million secured debt financing which will be used for the purpose of expanding the Company's Senior Life Settlement portfolio, among other business related purposes.
Crown Alliance Capital Announces Intention to Terminate Letter of Intent Signed on July 15, 2013
ACCESSWIRE - Thu Aug 08, 7:05AM CDT
Mississauga, Ontario, August 8, 2013 - (Accesswire) - As previously reported, Crown Alliance Capital Limited (OTCQB: CACL) a senior life insurance settlements company, signed a letter of intent on or about the 15th of July for a sale of $5 million in convertible debentures with an initial investment of $150,000 on or before the 1st of August, 2013. After review and due consideration of the terms, however, Crown has determined that it will be in its best interest to terminate this arrangement.
Crown Alliance Capital Announces Signing of Letter of Intent for the Purchase of Up to $5 Million in Secured Convertible Debentures
ACCESSWIRE - Tue Jul 16, 6:36AM CDT
Mississauga, Ontario, July 16, 2013 - (eTeligis via Accesswire) - Crown Alliance Capital Limited (OTCQB: CACL) a senior life insurance settlements company is pleased to announce the signing of an Letter of Intent with an investment group for the purchase of up to $5 million US of 10% Secured Convertible Debentures to be used for the purchase of life settlement policies. The initial commitment of the Purchaser is or a minimum of $150,000 to be paid into the company on or before August 1, 2013 (upon approval of the Debenture Form). This investment in our Secured Convertible Debenture will allow Crown to purchase the senior life insurance policies that are currently under review.
Crown Alliance Enters Into Memorandum Of Understanding With American Medical Capital -- Begins Due Diligence On Purchase Of A $50 Million Life Insurance Portfolio
PR Newswire - Mon May 13, 8:24AM CDT
Crown Alliance Capital (OTCBB: CACL) a senior life settlement company, announced today that it has entered into a memorandum of understanding with American Medical Capital, a division of American Medical Enterprises ("AMC") for the non-exclusive sourcing of life insurance portfolios. The MOU sets forth a series of criteria that need to be met for Crown to be interested in purchasing the policies sourced by AMC, and begins the process of reviewing the first $50 million policy portfolio identified by AMC. The total portfolio is over $100 million, which Crown intends to acquire, contingent on sufficient financing and due diligence verification, in separate $50 million tranches.
Crown Alliance Capital Announces Plans To Move Forward With The Purchase Negotiations On The First 50Million Of A New Life Insurance Portfolio With A Face Value Over 100Million
PR Newswire - Fri May 10, 7:00AM CDT
Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, announced that, subject to obtaining financing, it has started moving forward on the purchase of the first 50 million of a life insurance portfolio with a total face value over 100million. Crown focuses on policies where the IRR is in excess of 14% and believes that the best and fastest way to grow the Companies earnings is to increase the size of its life insurance portfolio holdings. With a recent maturity of a policy in the first quarter, Crown realized its best IRR to date of 440%.
Crown Alliance Capital Announces 440% Return on The Maturity of One of Its Life Insurance Policies
PR Newswire - Mon May 06, 6:30AM CDT
Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, filed its form 10-Q with the Securities Exchange Commission on April 30, 2013 for the quarterly period ended March 31, 2013. The 10-Q reflects the first maturity of one of the Company's portfolio policies, representing a $452,000 payoff and a 440% return on its investment. The payoff of the policy was an early maturity and thus a pleasant surprise for the Company and its shareholders.
Report: Life Settlements Market is Exploding to $100 Billion with Crown Alliance Well-Positioned To Capture Market Share
PR Newswire - Mon Apr 29, 2:02PM CDT
According to the research report "Life settlements, New Challenges to Growth" from Conning Research & Consulting the market for life settlements is set to explode to around $100 billion annually in 2016 from only around $12 billion in 2007. With only about 100 players in this industry according to the Life Insurance Settlement Association (LISA) in 2008, Crown Alliance Capital Limited (OTCBB: CACL) is in a unique position to capture a large portion of this potential market.
Crown Alliance Capital Announces the Completion and Filing of Its 10Q
Marketwire - Tue Feb 18, 11:21AM CST
Crown Alliance Capital Limited (OTC: CACL) announced the filing of its second quarter 10Q with the US Securities and Exchange Commission.
Crown Alliance Capital Announces the Completion of Purchase of Portfolio
Marketwire - Mon Nov 04, 11:00AM CST
Crown Alliance Capital (OTC: CACL), a senior life settlement Company, is very pleased to announce that on October 31, 2013, we completed the purchase of the last of the four policies we agreed to purchase under our Policy Purchase Agreement with Universal Settlements International, Inc. ("USI"). Crown's President and CEO, Lorraine Fusco said, "With the receipt of the recent funding and the completion of this agreement, we can now move forward in the implementation of our business plan and the expansion of our existing portfolio. I want to thank all of our shareholders for their patience and support during our growth process."
Crown Alliance Capital Announces the Completion of a $1.5 Million Financing
Marketwire - Fri Nov 01, 12:00PM CDT
Crown Alliance Capital (OTC: CACL), a senior life settlement Company, is pleased to announce the completion of a $1.5 million secured debt financing which will be used for the purpose of expanding the Company's Senior Life Settlement portfolio, among other business related purposes.
Crown Alliance Capital Announces Intention to Terminate Letter of Intent Signed on July 15, 2013
ACCESSWIRE - Thu Aug 08, 7:05AM CDT
Mississauga, Ontario, August 8, 2013 - (Accesswire) - As previously reported, Crown Alliance Capital Limited (OTCQB: CACL) a senior life insurance settlements company, signed a letter of intent on or about the 15th of July for a sale of $5 million in convertible debentures with an initial investment of $150,000 on or before the 1st of August, 2013. After review and due consideration of the terms, however, Crown has determined that it will be in its best interest to terminate this arrangement.
Crown Alliance Capital Announces Signing of Letter of Intent for the Purchase of Up to $5 Million in Secured Convertible Debentures
ACCESSWIRE - Tue Jul 16, 6:36AM CDT
Mississauga, Ontario, July 16, 2013 - (eTeligis via Accesswire) - Crown Alliance Capital Limited (OTCQB: CACL) a senior life insurance settlements company is pleased to announce the signing of an Letter of Intent with an investment group for the purchase of up to $5 million US of 10% Secured Convertible Debentures to be used for the purchase of life settlement policies. The initial commitment of the Purchaser is or a minimum of $150,000 to be paid into the company on or before August 1, 2013 (upon approval of the Debenture Form). This investment in our Secured Convertible Debenture will allow Crown to purchase the senior life insurance policies that are currently under review.
Crown Alliance Enters Into Memorandum Of Understanding With American Medical Capital -- Begins Due Diligence On Purchase Of A $50 Million Life Insurance Portfolio
PR Newswire - Mon May 13, 8:24AM CDT
Crown Alliance Capital (OTCBB: CACL) a senior life settlement company, announced today that it has entered into a memorandum of understanding with American Medical Capital, a division of American Medical Enterprises ("AMC") for the non-exclusive sourcing of life insurance portfolios. The MOU sets forth a series of criteria that need to be met for Crown to be interested in purchasing the policies sourced by AMC, and begins the process of reviewing the first $50 million policy portfolio identified by AMC. The total portfolio is over $100 million, which Crown intends to acquire, contingent on sufficient financing and due diligence verification, in separate $50 million tranches.
Crown Alliance Capital Announces Plans To Move Forward With The Purchase Negotiations On The First 50Million Of A New Life Insurance Portfolio With A Face Value Over 100Million
PR Newswire - Fri May 10, 7:00AM CDT
Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, announced that, subject to obtaining financing, it has started moving forward on the purchase of the first 50 million of a life insurance portfolio with a total face value over 100million. Crown focuses on policies where the IRR is in excess of 14% and believes that the best and fastest way to grow the Companies earnings is to increase the size of its life insurance portfolio holdings. With a recent maturity of a policy in the first quarter, Crown realized its best IRR to date of 440%.
Crown Alliance Capital Announces 440% Return on The Maturity of One of Its Life Insurance Policies
PR Newswire - Mon May 06, 6:30AM CDT
Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, filed its form 10-Q with the Securities Exchange Commission on April 30, 2013 for the quarterly period ended March 31, 2013. The 10-Q reflects the first maturity of one of the Company's portfolio policies, representing a $452,000 payoff and a 440% return on its investment. The payoff of the policy was an early maturity and thus a pleasant surprise for the Company and its shareholders.
Report: Life Settlements Market is Exploding to $100 Billion with Crown Alliance Well-Positioned To Capture Market Share
PR Newswire - Mon Apr 29, 2:02PM CDT
According to the research report "Life settlements, New Challenges to Growth" from Conning Research & Consulting the market for life settlements is set to explode to around $100 billion annually in 2016 from only around $12 billion in 2007. With only about 100 players in this industry according to the Life Insurance Settlement Association (LISA) in 2008, Crown Alliance Capital Limited (OTCBB: CACL) is in a unique position to capture a large portion of this potential market.
