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360 Capital closes acquisition of 29% in Silver Maple

2014-09-02 20:12 ET - News Release

Mr. John Gan reports

360 CAPITAL CLOSES PREVIOUSLY ANNOUNCED 29% INVESTMENT IN EXEMPT MARKET DEALER -- SILVER MAPLE VENTURES

360 Capital Financial Services Group Inc. has completed the previously announced letter of intent to invest in Silver Maple Venture Inc. by acquiring an initial 29-per-cent stake of the exempt market dealer. SMV is registered as a securities exempt market dealer in British Columbia, Alberta and Ontario, and is fully focused on developing on-line investment-based crowdfunding solutions across Canada -- subject to provincial securities legislation. 360 Capital intends to further increase its shareholding in Silver Maple and to help develop its on-line investment crowdfunding business to become the market leader in Canada in this new and exciting investment marketplace.

"This investment by 360 Capital is evidence of the company's commitment to become a fully integrated financial services solutions provider in the area of corporate finance, merchant banking and insurance services," stated chairman and chief executive officer John Gan. "From the very beginning, it has been our vision to provide a broad range of financial services and to leverage the experience and competencies of our management and board of directors to capitalize on market opportunities in Canada and in Asia Pacific.

"This investment into the equity crowdfunding business is a small step towards our ambitious and exciting plan to transform 360 Capital into a dynamic international financial services company," added Mr. Gan.

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