SEOUL, SOUTH KOREA and TORONTO, ONTARIO--(Marketwired - March 30, 2015) - Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, announces that, subject to regulatory approval, Arbat Capital Group Ltd. (Arbat) has agreed to provided bridge financing to Nesscap in an amount of up to USD 1,500,000 (the Loan) on the following terms: (i) the Loan has a maturity date of April 1, 2016; (ii) an initial tranche of USD $750,000 will be made available on or around April 1, 2015 and a second tranche of up to US $750,000 will be made available in one or more instalments at the option of Nesscap on the same terms and conditions; (iii) the interest rate for the Loan is 10% per annum with such interest to be accrued and payable together with the principal amount on April 1, 2016; (vi) the Loan is unsecured and ranks equally with other unsecured creditors of Nesscap; (v) prepayment of principal and interest, in whole or in part, is permitted at any time without premium or penalty; and (vi) outstanding principal and accrued (but unpaid) interest of the loans must be repaid by Nesscap upon completion of an equity financing in a minimum amount of USD 10,000,000.
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