Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (TSX-V:TCA) (“TIMIA” or the “Company”) today announced additional information related to its recently  announced collaboration with Vancouver based Finhaven Technology Inc., (“Finhaven”) to create a cryptocurrency-based investment platform (“CBIP”) for TIMIA.

In its press release of January 31, 2018, TIMIA announced a collaboration with Finhaven, subject to negotiation and execution of definitive agreements. TIMIA wishes to provide the following additional information regarding the collaboration:

• The parties have executed a non-binding term sheet setting out the key principles required to develop a crypto-currency based funding platform.

• It is currently envisioned that a special purpose financing vehicle (“SPV”) will be formed and using a proprietary investment platform under development by Finhaven, the SPV will raise money from investors and contribute any amounts raised to TIMIA pursuant to TIMIA’s established revenue finance model.

• Any funds raised by the SPV and contributed to TIMIA will be non-dilutive to TIMIA shareholders and will be invested in TIMIA's private software company focused investment program, and

• It is currently anticipated that the SPV will be in the form of a limited partnership, however the final structure has not yet been determined; the proposed $5 million funding platform and SPV are not yet in place and TIMIA is not undertaking a financing at this time.

Finhaven, a blockchain powered investment banking platform, and TIMIA are working together to develop a framework for achieving the goals of the collaboration in compliance with all regulatory requirements, including the use of registered dealers, as required.  As disclosed, establishment of the CPIB remains subject to finalizing definitive agreements.

About Finhaven

Finhaven is a blockchain powered investment banking platform. Finhaven combines legal structures with smart contract execution to facilitate the tokenization of securities in compliance with applicable securities laws. To help businesses in emerging markets access capital, Finhaven makes it easy for institutions and family offices to issue, syndicate, manage and settle loans to small & medium enterprises. For more information about Finhaven, please visit www.finhaven.com

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

[email protected]

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.

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 including statements regarding the intended implementation of, and the benefits arising from the implementation of the CPIB. Such statements are: (a) dependent on TIMIA and Finhaven successfully negotiating and executing definitive agreements regarding the collaboration described in this news release and (b) are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. It is not yet clear what will be required to make the collaboration successful.  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.

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