Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.
If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.
* Price is subject to applicable taxes.
Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.
TIMIA Capital Announces Second Closing of Participation Financing and a Further $1,500,000 in Non-Dilutive Capital
Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (TSX-V:TCA) (“TIMIA” or the “Company”) today announced a second closing of $1.5 Million, and TIMIA’s first institutional investor as part of its Participation Financing Model (“PFM”), bringing the PFM investment total to over $2.1 million.
As announced recently, the Participation Financing Model (“PFM”) allows qualified investors to purchase a specified percentage of future cash flows from TIMIA’s current portfolio companies, thereby increasing the amount of non-dilutive capital available to the Company, and creating accretive value for shareholders. As part of TIMIA’s active management process, TIMIA will retain control, title and security position over the underlying portfolio investments.
“This accretive transaction brings substantial upfront non-dilutive capital into TIMIA and provides a profitable income stream over the term of the investment for shareholders,” said Mike Walkinshaw, CEO of TIMIA.
Under the terms of the Closing, PFM investors have purchased a specified percentage of future cash flows from TIMIA’s existing portfolio companies, based upon a target yield. The yield will fluctuate relative to the performance of the underlying investments. TIMIA has more than $10 million on its balance sheet for investments, both deployed and in cash and focuses on the software as a service (or SaaS) industry. TIMIA has made eight investments into private software companies since inception in 2015, and has successfully exited two of them, providing a combination of monthly yield and periodic gains.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a stream of payments based on revenue. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain control 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 and compliance.
For more information about TIMIA Capital Corporation, please visit www.timiacapital.com
For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
TIMIA Capital Corporation
(604) 398-8839
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.
To view the original release, please click here
To follow TIMIA Capital Corp. on your favorite social media platform or financial websites, please click on the icons below.
Maximum News Dissemination by FSCwire. https://www.fscwire.com
Copyright © 2018 FSCwire