Pythagoras Group Announces Credit Facility Financing For Gold Mine

    HOUSTON, TX, June 26, 2013 /24-7PressRelease/ -- Pythagoras Group, Inc. announces issuance of $175,000,000 credit facility for gold mine development and exploration project. The credit facility is structured as an asset backed securitization over collateralized by proven gold reserves. The pricing of the senior secured bonds for private placement is 12 year term, fully amortizing 12.00% annual coupon with a 6.00% semi-annual payment, $1,000 denominations offered at 100 basis points discount.

The issuer is a UK special purpose entity structured as a holding company. The bonds will be offered only to qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act of 1933, and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act of 1933 (the "Securities Act"). The bonds will not be registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

"We are seeing tremendous opportunities in the energy and mining industry and are aggressively providing capital solutions to meet industry needs," said Robert Gandy, CEO.

About Pythagoras Group, Inc.
PYTHAGORAS GROUP headquartered in Houston, Texas is a premier merchant bank providing structured financing for growth, acquisition and expansion of small-midsize companies. Pythagoras Group provides direct access to capital for emerging companies internationally. Pythagoras provides private equity, mezzanine debt, and structured debt.

Media Contact:
Robert Gandy
Email: [email protected]
Website: www.pythagorasfunding.com

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