Spectral Capital Corporation (FCCN)

Spectral Capital Corporation (FCCN) recently announced the details and progress regarding its planned $167,500,000 financing toward the development of its Gold and Mineral Property in the Chita Region of Russia, through the Export-Import Bank of the United States. Spectral plans to raise a total of more than $200,000,000 during the first 36 months of development of its Chita Property and has made a minimum commitment of $35,000,000.

Spectral Capital is focused on the acquisition of a significant portfolio of properties for mining activities. In September 2010, the Company purchased an interest in mineral properties in the Chita region of the Russian Federation.