TIMIA Capital completes $1.31M debenture offering

TIMIA Capital Corp. (TSX-V: TCA) has completed a 2nd closing of its D round debenture offering, raising $1,312,500 from both new and existing accredited investors.

TIMIA Capital intends to use proceeds to expand its growing portfolio of revenue financing investments and the firm expects to complete more revenue finance investments in the near term

Vancouver based TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue.

photo credit: TIMIA Capital

News Release

TIMIA Capital Announces 2nd Closing of D Round Debenture Offering

VANCOUVER, B.C. (January 8th, 2018) — TIMIA Capital Corp. (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce a 2nd closing of its D Round Debenture Offering (the “Debentures”).

TIMIA closed $1,312,500 in Debentures from both new and existing Accredited Investors.

TIMIA will use these proceeds to expand its growing portfolio of revenue financing investments and expects to complete more revenue finance investments in the near term. Please see the Forward-Looking Information Disclosure below. The Company has completed eight revenue finance investments to date, having successfully exited one of those investments.

“We look forward to continuing to grow our portfolio and our monthly revenue, and passing a portion of it on to our investors in the form of interest” said Mike Walkinshaw, CEO of TIMIA.

The Debentures pay 12% annual interest and will be secured against the assets of the Company. They will mature on June 15, 2022 with an option for early redemption by the Company after December 15th, 2019.

For investors who purchased $50,000 or more of Debentures, TIMIA will provide warrant coverage (the “Warrants”) on the common shares of the Company at the rate of 4,000 Warrants per $10,000 of Debenture. Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.25, with a term that matches the life of the Debentures. The Debentures, the Warrants, and any common shares issuable upon exercise thereof, will be subject to a four-month hold period in accordance with applicable securities laws. The closing of this offering is subject to the approval of the TSX Venture Exchange.

About TIMIA Capital Corporation

TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream 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, compliance and workouts.

For more information about TIMIA Capital Corporation, please visit www.timiacapital.com

For more information, please contact:
Mike Walkinshaw
Chief Executive Officer
TIMIA Capital Corporation
(604) 398-8839
IR@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.


Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted is President of CPE Media Inc., an independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry.
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