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TIMIA Capital Announces the Close of the Non-Brokered Private Placement
TIMIA Capital Announces the Close of the Non-Brokered Private Placement Canada ...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n TIMIA Capital Announces the Close of the Non-Brokered Private Placement\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 THE UNITED STATES~/\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 21, 2022\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTCQB: TIMCF), a leading innovator of technology in private credit, is pleased to announce that further to its news releases of\n \n December 13, 2021\n \n and\n \n January 4, 2022\n \n , it has closed the private placement having raised an aggregate of\n \n $2,188,750\n \n , and issued 6,253,571 Units at a price of\n \n $0.35\n \n per Unit.\n \n \n Each Unit consists of one common share in the capital of the Company (a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share of the Company at a price of\n \n $0.50\n \n for a period of 24 months following the closing date, provided that TIMIA may accelerate the expiry date of the Warrants by providing 30 days' notice to the holders by way of news release in the event that the closing price of the Common Shares on the TSX Venture Exchange equals or exceeds\n \n $1.00\n \n per Common Share for a period of 10 consecutive trading days.\n \n \n Total finder's fees of\n \n $35,000\n \n were paid on a portion of the private placement to parties at arm's length to the Company. In addition, 99,000 non-transferable finder's warrants were issued (the \"Finder's Warrants\"). Each Finder's Warrant entitles a finder to purchase one common share at a price of\n \n $0.50\n \n per share for two years from the date of issue. The Finder's Warrants are also subject to the above accelerated exercise provisions. All securities issued under the Private Placement are subject to a statutory hold period of 4 months from the date of issuance.\n \n \n The proceeds of the Private Place...