Capital Corp Merchant Banking President and CEO, Mr Gilles Herard, Jr Engineers $20M Funding Agreement with Petrostar

Mr Gilles Herard, Jr, President and CEO of Capital Corp Merchant Banking personally engineered the funding structure for Petrostar's $20 million project. End Quote

(1888PressRelease) December 23, 2010 - Mr Gilles Herard, Jr, President and CEO of Capital Corp Merchant Banking (http://www.gillesherardjr.com), personally engineered the funding structure for Petrostar's $20 million project, which consists of exploring and developing the company's Bakken oil property in Canada. The funding agreement Mr Herard designed is based on debenture. Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. His company, Capital Corp Merchant Banking, offers quality Merchant Banking services for a variety of projects worldwide.

Capital Corp Merchant Banking has entered into a $20 million funding agreement with Petrostar. The funding agreement was engineered by Capital Corp's President and CEO, Mr Gilles Herard, Jr. The funding agreement Mr Herard designed is based on debenture. Funding for the project is to be delivered in two (2) phases: Phase I consists of an initial $5 million and Phase II consists of the remaining $15 million, to be disbursed within twelve (12) months of the initial disbursement. Further, the total disbursement is made up of $400,000 in common stock of the new subsidiary and $19.6 million as a debenture to the subsidiary. The debenture is for a term of 84 months with four (4) annual fixed payments and an annual interest rate of 3% calculated on the net balance of the debenture, payable on a quarterly basis.

Funding will be used specifically for the exploration and development of Petrostar's Bakken property in Canada, and the new subsidiary company will be a 50/50 joint venture between Capital Corp and Petrostar.

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 38 years. He worked early in his career at the Toronto Dominion Bank (Canada) and later on joined Manufacturer Hanover (MH) of New York as Senior Credit Analyst. He eventually created his own Firm, Capital Corp Merchant Banking, where he syndicates and structures funding for top companies worldwide, all the while investing his own firm's funds into the projects. 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 has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. 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. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website (http://www.capitalcorpmerchantbanking.com).

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