11:47:46 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Till Capital Corp
Symbol TIL
Shares Issued 3,191,462
Close 2023-10-03 C$ 5.38
Market Cap C$ 17,170,066
Recent Sedar Documents

Till Capital gets federal okay for Omega sale

2023-10-05 17:10 ET - News Release

Mr. Brian Lupien reports

TILL CAPITAL RECEVIES APPROVAL FOR SALE OF OMEGA INSURANCE HOLDINGS, INC. TO ACCELERANT

Till Capital Corp. has received approval from the Deputy Prime Minister and Minister of Finance for the sale to Accelerant of Omega Insurance Holdings, Inc. and its two wholly owned subsidiaries: Omega General Insurance Company, a licensed insurance company based in Toronto, and Focus Group Inc., a consulting and project management business. As initially reported on June 21, 2021, and updated on Oct. 21, 2021, Jan. 25, 2022, Aug. 23, 2022, Dec. 15, 2022, Feb. 23, 2023, and Aug. 3, 2023, Accelerant will pay Till Capital approximately $13-million in exchange for all of the issued and outstanding shares of Omega.

The sale of Omega is expected to close in the upcoming weeks and will complete Till Capital's exit from the insurance business. The proceeds from the sale will be used for general operating expenses. An announcement will be issued when the sale has closed.

About Till Capital Corp.

Till Capital, through its wholly owned United States subsidiary, owns 489,804 common shares of Osisko Development Corp. (TSX-V: ODV). Till is also a partial owner of IG Tintic LLC, a private company which owns a 1-per-cent net smelter return royalty on the East Tintic mining district near Eureka, Utah, and of IG Far East LLC, a private company with the controlling interest in a joint venture that owns the Durmin gold property in the Russian Far East. Till Capital is also the majority shareholder of Silver Predator Corp. (TSX-V: SPD) and owns various mineral royalties.

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