TIMIA Capital raises $904K in new debenture offering

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By Ted Liu

TIMIA Capital Corp. (TSX-V: TCA) has closed first tranche of its proposed $1 million 8% debenture offering, raising $904,000 from both internal and external investors, primarily accredited investors.

TIMIA expects to continue closing further new investors on this debenture offering for a limited time period.

TIMIA Capital announced an earlier close of 8% debentures with similar terms in June 2016, and the total of 8% debentures closed during 2016 and through this latest close is $2,024,000.

TIMIA Capital intends to use proceeds to fund its program of revenue finance investments and expects to close new investments in the near term.

TIMIA Capital’s portfolio includes Alambda Solutions, QuickMobile, Predictable Revenue, iCompass

photo credit: TIMIA Capital