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Timia Capital Corp
Symbol TCA
Shares Issued 33,940,794
Close 2017-09-06 C$ 0.12
Market Cap C$ 4,072,895
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Timia Capital closes $1M D round debenture offering

2017-09-19 10:55 ET - News Release

Mr. Mike Walkinshaw reports

TIMIA ANNOUNCES CLOSE OF 12% D ROUND DEBENTURE OFFERING

Timia Capital Corp. has closed its $1-million 12 per cent D round debenture offering as previously announced on Feb. 2, 2017.

Timia closed $673,200 in new debentures from both new and existing accredited investors. These proceeds are in addition to the $650,000 from the issuance of common share equity announced on July 11, 2017, and the $294,000 of warrant exercise proceeds announced on Sept. 18, 2017.

Timia will use these proceeds to expand its growing portfolio of revenue financing investments. The company has completed five revenue finance deals to date, has successfully exited one of those investments and expects to close new investments in the near term.

Since the company was formed in August, 2015, Timia has paid its debenture investors more than $527,000 of interest, all financed by its portfolio of revenue finance deals.

"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, chief executive officer of Timia.

The debentures pay 12-per-cent 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 three years from the date of issuance.

For investors who purchased $50,000 or more of debentures, Timia will provide warrant coverage 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 25 cents, 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 Corp.

Timia Capital is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue. Timia's target market is the fast-growing, business-to-business software-as-a-service (SaaS) segment.

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