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TIMIA Announces Second Successful Investment Exit in as Many Weeks
TIMIA Announces Second Successful Investment Exit in as Many Weeks Canada NewsW...
About this update from Montfort Capital Corp
[{"type":"text","content":"TIMIA-7Geese\n \n \n \n TIMIA Announces Second Successful Investment Exit in as Many Weeks\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Sept. 28, 2020\n \n \n \n \n \n \n ~Exit from\n \n \n \n \n Paltech Solutions, dba 7Geese, generates another successful outcome for a TIMIA portfolio company and highlights effectiveness of TIMIA's fintech platform~\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 28, 2020\n \n /CNW/ - TIMIA Capital Corporation (\"TIMIA\" or the \"Company\") (TSXV: TCA) (OTC: TIMCF) today announced its successful exit from a previously announced financing made with Paltech Solutions, dba 7Geese Inc, of\n \n Vancouver, BC\n \n . (\"7Geese\").\n \n \n In\n \n May 2018\n \n , TIMIA provided a\n \n $1.75 million\n \n investment facility to 7Geese, advanced in three tranches beginning  in\n \n September 2018\n \n . Over the term of the financing 7Geese has paid TIMIA\n \n $2,261\n \n ,650  in a combination of return of principal and interest.\n \n \n \"We can add 7Geese to a growing list of technology entrepreneurs who have benefited from TIMIA's non-dilutive financing model,\" said\n \n Mike Walkinshaw\n \n , CEO of TIMIA. \"7Geese was able to use the financing facility provided by TIMIA to continue expanding their performance management platform, without subjecting themselves to costly and dilutive equity financing. There are many SaaS companies in\n \n Canada\n \n with similar growth and revenue attributes which are seeking financing and TIMIA is in a position to help without impacting ownership structure to the benefit of entrepreneurs.\"\n \n \n TIMIA's fintech platform produces periodic gains from early redemption of investment financings, like 7Geese, which can have a meaningful impact on the Company's EPS.\n \n \n Over its five year history, TIMIA has exited 11 revenue finance investments, out of the total of 30 investments it has made, generating total gains of over\n \n $2.8 million\n \n in its consolidated income statement.  Furthermore, from ...