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TIMIA Announces $10 Million Offering of Series A Preferred Shares and Filing of Short Form Prospectus
TIMIA Announces $10 Million Offering of Series A Preferred Shares and Filing of Short For...
About this update from Montfort Capital Corp
[{"type":"text","content":"TIMIA-SeriesAOffering\n \n \n \n TIMIA Announces $10 Million Offering of Series A Preferred Shares and Filing of Short Form Prospectus\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Sept. 24, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 24, 2020\n \n /CNW/ - TIMIA Capital Corp. (the \"\n \n Company\n \n \") (TSXV: TCA) is pleased to announce that it has filed a preliminary short form prospectus (the \"\n \n Prospectus\n \n \") in connection with a commercially reasonable efforts offering of up to 10,000,000 Non-Cumulative Series A Preferred Shares (the \"\n \n Preferred Shares\n \n \") at a price of\n \n $1.00\n \n per Preferred Share (the \"\n \n Offering Price\n \n \") for gross proceeds of up to\n \n $10,000,000\n \n (the \"\n \n Offering\n \n \") in the offering jurisdictions of\n \n British Columbia\n \n ,\n \n Alberta\n \n ,\n \n Saskatchewan\n \n ,\n \n Manitoba\n \n and\n \n Ontario\n \n . The Offering is subject to a minimum of\n \n $6,500,000\n \n . The Offering is being conducted by a syndicate of agents which includes Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., PI Financial Corp., Haywood Securities Inc. and Wellington-Altus Private Wealth Inc. (the \"\n \n Agents\n \n \"). The Company has granted the Agents an over-allotment option exercisable, in whole or in part, at any time prior to the 30\n \n th\n \n day following and including the Closing Date to increase the size of the Offering by up to an additional 1,500,000 Preferred Shares at a price per Preferred Share equal to the Offering Price for aggregate additional proceeds of up to\n \n $1,500,000\n \n .\n \n \n Prospective subscribers will be permitted to purchase Preferred Shares either by: (a) cash payment; or (b) an exchange (the \"\n \n Exchange Option\n \n \") of outstanding: (i) convertible debentures in the capital of the Company (\"\n \n Convertible Debentures\n \n \") at face value; or (ii) non-convertible debentures in the capital of the Company (\"\n \n Non-Convertible Debentures\n \n \") at face valu...