TIMIA Capital

TIMIA Capital to Change Listed Company Name to Montfort Capital; TIMIA to Remain Technology Lending Component of Montfort

- Public company identity transformation to Montfort Capital highlights recent expansion into new private credit sectors with significant growth in total assets

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF), a leading innovator in specialty private credit, is pleased to announce it intends to change the name of the public company to Montfort Capital Corp. ( "Montfort" ).

"We're excited to introduce Montfort as a leading innovator in specialty private credit," said Mike Walkinshaw , CEO of Montfort Capital Corporation. "Including pending acquisitions, our business will have more than tripled in size in the past year to over $450 million in assets as we have leveraged our expertise and scalable loan origination and management platform beyond technology lending. As a core element of our growth model, we have combined focused and experienced management teams and utilized advanced technology to create superior fee related earnings."

TIMIA has applied for ticker symbol changes with the TSX-V and OTC whereby the common shares of Montfort are expected to commence trading on the TSX Venture Exchange under the new ticker symbol "MONT" and on the OTCQB Exchange under the ticker symbol "MONTF". The Company has also applied to have its preferred A shares to commence trading on the TSX Venture Exchange under the new ticker symbol "MONT.PR.A". The Company expects to announce the dates for symbol changes to take effect upon confirmation from the exchanges.

Montfort's mission is to create value for investors by building and managing specialty finance brands while also leveraging a tech-enabled lending platform to lower costs and improve performance. Montfort's brands, starting with Timia Capital and Pivot Financial, span multiple lending sectors and are therefore resilient in its diversification.

Private credit is an attractive asset class of privately negotiated debt financing from non-bank lenders like Montfort's group of companies. Montfort is committed to building a family of private credit brands that delivers private credit to diversified market segments. It offers equity investors access to an early stage private credit manager growth opportunity that was not easily accessible in the past. Plus, unlike private company peers, as a publicly traded company Montfort offers:

  • Transparency - Montfort investors have peace of mind with unparalleled insight into our portfolio.
  • Flexibility - We have more financing options available to acquire companies to our group.
  • Creative expansion - We have the ability to acquire additional private credit companies.
  • Continuous operational improvement - Our fintech platform enables active credit monitoring for market leading returns.

TIMIA also announces that it has entered into an advertising and investor awareness campaign agreement (the "Agreement") with Dig Media Inc. dba Investing News Network ("INN"). INN is a private company headquartered in Vancouver, Canada , dedicated to providing independent news and education to investors since 2007.

INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange (the "TSXV") policies. The engagement is subject to acceptance by the TSXV.

Under the terms of the Agreement with INN, the Company has agreed to pay INN $48,000 for the 12-month campaign, payable in cash in installments of $4,000 per month. All payments will be from existing working capital. INN and the Company at arm's length and INN has no interest in the Company's securities.

About Montfort Capital Corporation

Montfort manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee related performance. Montfort facilitates transparency for all of its investors through public company reporting. For further information, please visit www.montfortcapital.com

About Timia Capital Corporation

The Company democratizes private credit for investors by offering a broad range of speciality private credit opportunities with transparency and efficiency, facilitated by the Company's proprietary technology platform. These high-yield loan opportunities are delivered through operating divisions: Timia Capital which offers revenue-based investment to fast growing, business-to-business Software-as-a-Service (or SaaS) businesses in North America , and Pivot Financial which specializes in asset-based private credit targeting mid-market borrowers in Canada . The Corporation deploys funds on behalf of limited partnerships, institutions, retail investors, high net worth individuals, its management team and shareholders. For more information about TIMIA and SaaS lending, please visit www.timiacapital.com . For more information about specialized private credit and Pivot please visit: www.pivotfinancial.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.

Forward-Looking Information

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the change of name of the Company, the Company's new trading symbols and the timing of the change of name and trading symbols, the completion of future acquisitions and the future growth of the Company, the development of private credit brands, and the benefits of the Company's agreement with INN. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company.

Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Timia's business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to: the conditions of the proposed acquisitions not being satisfied; that the Company's proposed acquisitions will not be completed; that the Company's change of name will not have the benefits anticipated, that the targets of the Company's proposed acquisitions will not achieve their growth and profitability objectives; the Company having insufficient financial resources to achieve complete the proposed transaction and achieve its objectives; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Timia. Accordingly, readers should not place undue reliance on forward-looking statements. Timia undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE Timia Capital Corp.

Cision View original content: https://www.newswire.ca/en/releases/archive/June2022/08/c6893.html

News Provided by Canada Newswire via QuoteMedia

TCA:CA
The Conversation (0)
TIMIA Capital

TIMIA Capital Announces Effective Date of Name Change to Montfort Capital

~Trading symbols changed to TSX-V: MONT and MONT.PR.A and OTCQB: MONTF~

Timia Capital Corporation (the "Company") (TSXV: TCA) (OTCQB: TIMCF), a leading innovator in specialty private credit, is pleased to announce that effective Wednesday June 15, 2022 the Company will change its name to Montfort Capital Corp. ( "Montfort" ). The name change is concurrent with a trading symbol change which will take effect at the open of market on June 15, 2022 with the common shares of Montfort trading on the TSX Venture Exchange under the new ticker symbol "MONT", the OTCQB under the same ticker symbol "MONTF", and its preferred A shares trading on the TSX Venture Exchange under the new ticker symbol "MONT.PR.A". The new CUSIPISIN for Montfort's common shares is CUSIP 61288M106 ISIN CA61288M1068 and the new CUSIPISIN for Montfort's series A preferred shares is CUSIP 61288M205 ISIN CA61288M2058.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Announces Grant of Incentive Restricted Share Units

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB:TIMCF), a leading innovator in specialty private credit, today announced the grant of 600,000 restricted share units ("RSUs") to independent members of the board of directors of the Company. Jan Lederman Paul Geyer Robert Napoli Howard Atkinson David Demers and Thealzel Lee were each granted 100,000 RSUs. The RSUs will vest one year from the grant date and have a two-year term.

The grant of RSUs is subject to TSX Venture approval.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Announces Results from Annual and Special General Meeting

~All items on the annual shareholder meeting agenda approved~

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF) today announced the results of its 2022 Annual and Special General Shareholder Meeting ("Meeting").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Originates US$5 Million of Non-Dilutive Capital

~TIMIA's scalable fintech platform originates non-dilutive financing for technology company launching SaaS product~

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF) a leading innovator in specialty private credit, is pleased to announce that it has originated a US$5 million investment facility for a growing technology company launching a software-as-a-service (SaaS) product. An initial disbursement of US$4 million has been advanced with US$1 million of additional capital to be disbursed upon certain milestones being met over the term of the agreement.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
TIMIA Capital

TIMIA Capital Announces Quarterly Cash Dividends on Series A Preferred Shares

~ TIMIA to pay the cash dividend payment to shareholders of Series A Preferred Shares of record on June 23rd ~

Timia Capital Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB: TIMCF), a leading innovator of technology in private credit, today announced that the Company's board of directors has declared a quarterly cash dividend of $0.02 per Series A Preferred Shares ("Preferred Shares"), payable on June 30, 2022 to Series A preferred shareholders of record as at June 23, 2022 . The Corporation's dividend payments qualify as an 'eligible dividend' for Canadian income tax purposes.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Real Matters Reports First Quarter Financial Results

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated)

Real Matters Inc. (TSX: REAL) ("Real Matters" or the "Company"), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the first quarter ended December 31, 2023.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters to Hold Virtual Annual General Meeting on February 8, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the "Meeting") on Thursday, February 8, 2024 at 10:00 a.m. (Eastern Standard Time). The Meeting will be conducted online only, via audio webcast at: www.virtualshareholdermeeting.com/realmatters2024 .

Registered and non-registered shareholders entitled to vote at the Meeting may vote by proxy in advance of the Meeting. However, only registered shareholders and duly appointed proxyholders (including non-registered shareholders who have duly appointed themselves as proxyholder) will be entitled to vote at the Meeting during the live audio webcast. Non-registered shareholders who have not duly appointed themselves as proxyholders will be able to attend the Meeting and ask questions, but will not be able to vote. Guests will be able to attend the Meeting but will not be able to submit questions, vote their shares (if any) or otherwise participate in the Meeting. Please note that registered shareholders will need the 16-digit control number indicated on the form of proxy accompanying their Notice of Meeting to log on to the Meeting as a "Shareholder". Duly appointed proxyholders will need the Appointee Name and 8-character Appointee Identification Number to log on to the Meeting as a "Proxyholder / Appointee". Otherwise, shareholders or duly appointed proxyholders, as applicable, will have to log on as "Guests". Please refer to the Company's Management Information Circular in the Investor Relations section of our website for additional details on how to log on to the Meeting.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters to Announce First Quarter Fiscal 2024 Financial Results on February 1, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will announce its first quarter fiscal 2024 financial results via news release on Thursday, February 1, 2024, before market open.

Conference Call and Webcast

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
man sitting on building looking at screen that says "fintech"

Top 5 NASDAQ Fintech Stocks of 2023

Fintech, or financial technology, has become an integral part of everyday life.

Firms like Fitch Ratings and McKinsey & Company are projecting continued growth in the market, and since the fintech umbrella covers such a wide range of companies, diverse businesses could profit as the industry develops.

Read on for a look at the top-performing NASDAQ fintech stocks of the year. Data was gathered using TradingView's stock screener on December 20, 2023, and companies with market caps of at least US$50 million were considered.

Keep reading...Show less

Real Matters Reports Fourth Quarter and Fiscal 2023 Financial Results

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated)

Real Matters Inc. (TSX: REAL) ("Real Matters" or the "Company"), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the fourth quarter and fiscal year ended September 30, 2023.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Real Matters to Announce Fourth Quarter and Fiscal 2023 Financial Results on November 17, 2023

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will announce its fourth quarter and fiscal 2023 financial results via news release on Friday, November 17, 2023, before market open.

Conference Call and Webcast

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×