Grenville Strategic Royalty Announces $425,000 Royalty Agreement with Hybrid Financial Ltd.
08 August 2017 - 11:01PM
Grenville Strategic Royalty Corp. (TSXV:GRC) (“Grenville” or the
“Company”) today announced it has signed a royalty purchase
agreement with Hybrid Financial Ltd. (“Hybrid”) to provide $425,000
CDN in growth capital. The JV partners are expected to close
additional funds in the next week for a total commitment from the
three parties of $750,000 CDN to Hybrid.
Based in Toronto, Hybrid provides investor
relations and retail-focused origination and distribution services
to the investment management industry throughout North America.
Leveraging technology and one of the most comprehensive databases
of the Canadian and US retail investment advisor landscape, Hybrid
has become one of the leading financial sales and investor
relations firms in Toronto.
“Like many Fintech companies, Hybrid has
successfully reinvented important steps in the capital markets
process” said Grenville CEO Steve Parry. “Their platform transforms
and merges the deal origination, distribution and communications
functions for companies and capital providers. As both an investor
and a potential customer, we see their approach as state of the art
with higher success rates than traditional practices.”
About Hybrid Financial Ltd.
Hybrid, founded in 2011 by Steven Marshall, is a specialized
investment products and corporate sales, distribution and Investor
relations business which delivers its services on an outsourced
basis on behalf of several of Canada’s largest and most well
respected financial institutions. As a result of its unique
automated sales and marketing platform, Hybrid offers a compelling
value proposition to publicly listed corporations, investment
managers and issuers seeking to find a more efficient and
cost-effective means of generating sales through the retail
broker/dealer networks.
About GrenvilleBased in
Toronto, Grenville Strategic Royalty Corp. is a publicly-traded
royalty company that makes investments in established businesses
with revenues of up to $50 million dollars. Grenville generates
revenues from royalty payments and buyouts from contracts. The
non-dilutive royalty financing structure offered by Grenville
competes directly with traditional equity to meet the long-term
financing needs of companies on more attractive commercial
terms.
Neither 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 release.
For further information, please contact:
Grenville Strategic Royalty Corp.:
Steven Parry
Chief Executive Officer
Tel: (416) 777-0383
Grenville Strategic Royalty (TSXV:GRC)
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