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TIMIA Capital Announces New Equity Private Placement
Wednesday, January 3, 2018Company Profile | Follow Company
Vancouver, BC, January 3, 2018--(T-Net)--TIMIA Capital Corp. (TSX-V:TCA) announced today the closing of a small new non-brokered private placement financing of $64,400 in new equity units at a price of $0.12 to accredited investors.
Proceeds from the offering are being used for general corporate purposes.
Each Unit is comprised of one common share and a half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at an exercise price of $0.14 per Warrant Share for a period of 24 months from the date of closing of the Private Placement.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for payments tied to revenue and bonus payments upon exiting the investments. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain a greater share of their business. TIMIA's target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information, please contact:
Mike Walkinshaw
Chief Executive Officer
TIMIA Capital Corporation
(604) 398-8839
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.
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