XCELL GROUP SLP BONDS
Xcell, in conjunction with CAIBUO CAPITAL Société de Gestion (CAIBUO), a Luxembourg licensed and regulated financial company, have created a Specialized Limited Partnership (SLP) under Luxembourg law, which allows for the securitization of certain assets for the purpose of selling securities, in this case bonds and based on the underlying value of the assets pledged. The purpose of this capital raise is to increase the purchasing capacity of Xcell to meet the existing demand of the Artisanal mining community in Guinea, which is currently producing over 800 Million Euros of Gold a year.
The Xcell Group SLP bonds have already been listed on Bloomberg. As a private placement, it is not a public offering, but a prospective investor can be granted access to the listing by making a request to Xcell Swiss. Upon receiving the request, Xcell Swiss will provide access so more information can be seen via a prospective investor’s Bloomberg terminal. From there it is easily verifiable. In addition, Ecobank as the Paying Agent for the bonds will list the bonds as well upon receipt of the first compliance verification. At that point, the investor will no longer need permission from Xcell to get access via the Bloomberg terminal. It will also be populated on the Bloomberg website for those without access to a Bloomberg terminal. For the ease of the prospective investors, a screen shot of the Bloomberg terminal listing is here: