- Public company identity transformation to
Montfort Capital highlights recent expansion into new private
credit sectors with significant growth in total
assets
VANCOUVER, BC, June 8, 2022
/CNW/ - 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.