pcJ News Briefs – Grenville Strategic Royalty Corp. (TSX-V: GRC) has reached a royalty purchase agreement with Hybrid Financial Ltd. to provide $425,000 in growth capital. Grenville Strategic Royalty’s two JV partners are expected to invest additional $325,000 for a total commitment from the three parties of $750,000.
Co-founded by CEO Steven Marshall and Managing Partner Alexandre Cote, Toronto based Hybrid Financial provides investor relations and retail-focused origination and distribution services to the investment management industry throughout North America.
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Grenville Strategic Royalty Announces $425,000 Royalty Agreement with Hybrid Financial Ltd.
TORONTO, Ontario, August 8, 2017 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville” or the “Company”) today announced it has signed a royalty purchase agreement with Hybrid Financial Ltd. (“Hybrid”) to provide $425,000 CDN in growth capital. The JV partners are expected to close additional funds in the next week for a total commitment from the three parties of $750,000 CDN to Hybrid.
Based in Toronto, Hybrid provides investor relations and retail-focused origination and distribution services to the investment management industry throughout North America. Leveraging technology and one of the most comprehensive databases of the Canadian and US retail investment advisor landscape, Hybrid has become one of the leading financial sales and investor relations firms in Toronto.
“Like many Fintech companies, Hybrid has successfully reinvented important steps in the capital markets process” said Grenville CEO Steve Parry. “Their platform transforms and merges the deal origination, distribution and communications functions for companies and capital providers. As both an investor and a potential customer, we see their approach as state of the art with higher success rates than traditional practices.”
About Hybrid Financial Ltd.
Hybrid, founded in 2011 by Steven Marshall, is a specialized investment products and corporate sales, distribution and Investor relations business which delivers its services on an outsourced basis on behalf of several of Canada’s largest and most well respected financial institutions. As a result of its unique automated sales and marketing platform, Hybrid offers a compelling value proposition to publicly listed corporations, investment managers and issuers seeking to find a more efficient and cost-effective means of generating sales through the retail broker/dealer networks
Based in Toronto, Grenville Strategic Royalty Corp. is a publicly-traded royalty company that makes investments in established businesses with revenues of up to $50 million dollars. Grenville generates revenues from royalty payments and buyouts from contracts. The non-dilutive royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms.
Neither 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 release.
For further information, please contact:
Grenville Strategic Royalty Corp.:
Chief Executive Officer
Tel: (416) 777-0383