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TIMIA Capital to Change Listed Company Name to Montfort Capital; TIMIA to Remain Technology Lending Component of Montfort
Monday, June 13, 2022Company Profile | Follow Company
Vancouver, BC, June 13, 2022--(T-Net)--TIMIA Capital Corporation (TSX-V:TCA; OTCQB:TIMCF), a leading innovator in specialty private credit, announced it intends to change the name of the public company to Montfort Capital Corp..
"We're excited to introduce Montfort as a leading innovator in specialty private credit," said Mike Walkinshaw, CEO of Montfort Capital Corporation.
Mike Walkinshaw, CEO, Montfort Capital Corporation
"Including pending acquisitions, our business will have more than tripled in size in the past year to over $450 million in assets as we have leveraged our expertise and scalable loan origination and management platform beyond technology lending. As a core element of our growth model, we have combined focused and experienced management teams and utilized advanced technology to create superior fee related earnings."
TIMIA has applied for ticker symbol changes with the TSX-V and OTC whereby the common shares of Montfort are expected to commence trading on the TSX Venture Exchange under the new ticker symbol "MONT" and on the OTCQB Exchange under the ticker symbol "MONTF".
The Company has also applied to have its preferred A shares to commence trading on the TSX Venture Exchange under the new ticker symbol "MONT.PR.A". The Company expects to announce the dates for symbol changes to take effect upon confirmation from the exchanges.
Montfort's mission is to create value for investors by building and managing specialty finance brands while also leveraging a tech-enabled lending platform to lower costs and improve performance.
Montfort's brands, starting with TIMIA Capital and Pivot Financial, span multiple lending sectors and are therefore resilient in its diversification.
Private credit is an attractive asset class of privately negotiated debt financing from non-bank lenders like Montfort's group of companies. Montfort is committed to building a family of private credit brands that delivers private credit to diversified market segments. It offers equity investors access to an early stage private credit manager growth opportunity that was not easily accessible in the past.
Plus, unlike private company peers, as a publicly traded company Montfort says it offers:
TIMIA also announces that it has entered into an advertising and investor awareness campaign agreement with Dig Media Inc. dba Investing News Network ("INN"). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007.
INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange (the "TSXV") policies. The engagement is subject to acceptance by the TSXV.
Under the terms of the Agreement with INN, the Company has agreed to pay INN $48,000 for the 12-month campaign, payable in cash in installments of $4,000 per month. All payments will be from existing working capital. INN and the Company at arm's length and INN has no interest in the Company's securities.
About Montfort Capital Corporation
Montfort manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee related performance. Montfort facilitates transparency for all of its investors through public company reporting. Montfort manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee related performance. Montfort facilitates transparency for all of its investors through public company reporting.
About TIMIA Capital Corporation
The Company democratizes private credit for investors by offering a broad range of speciality private credit opportunities with transparency and efficiency, facilitated by the Company's proprietary technology platform. These high-yield loan opportunities are delivered through operating divisions: TIMIA Capital which offers revenue-based investment to fast growing, business-to-business Software-as-a-Service (or SaaS) businesses in North America, and Pivot Financial which specializes in asset-based private credit targeting mid-market borrowers in Canada. The Corporation deploys funds on behalf of limited partnerships, institutions, retail investors, high net worth individuals, its management team and shareholders.
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting completion of the Private Placement and the acceleration of the expiry date of the Warrants. [ MORE ] |
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