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TIMIA Capital Announces Increase in Private of Placement of Preferred Shares and Closes First Tranche
TIMIA Capital Announces Increase in Private of Placement of Preferred Shares and Closes F...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n TIMIA Capital Announces Increase in Private of Placement of Preferred Shares and Closes First Tranche\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 \n \n \n /NOT FOR DISTRIBUTION TO U\n \n \n .S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 14, 2021\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF) is pleased to announce that further to its news release of\n \n March 25, 2021\n \n , it has increased the non-brokered private placement of series A preferred shares (the \"Preferred Shares\") at a price of\n \n $1.00\n \n per Preferred Share from\n \n $1,000,000\n \n to\n \n $1,275,000\n \n .\n \n \n The Company confirms that it has closed the first tranche of the private placement raising\n \n $775,000\n \n through the issuance of 775,000 Preferred Shares at a price of\n \n $1.00\n \n per Preferred Share. In addition, the Company has received a subscription agreement for the remaining\n \n $500,000\n \n and anticipates closing this balance of the private placement in the coming weeks.\n \n \n The Preferred Shares trade on the TSX Venture Exchange under the symbol TCA.PR.A. No finder's fees were paid in connection with the Private Placement. All Preferred Shares issued under the Private Placement will be subject to a statutory hold period of 4 months from the date of issuance.\n \n \n The Company anticipates using the proceeds to redeem issued and outstanding nonconvertible debentures and for general corporate purposes.\n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in\n \n the United States\n \n . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within\n \n the United States\n \n unless registered under the U.S. Securities Act and appli...