VANCOUVER, BC, Oct. 1, 2021 /CNW/ - TIMIA Capital
Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTC:
TIMCF) today announced that the location for its Annual and
Special Meeting to be held on October 27,
2021 at 10:00am, has changed.
The new location is
Room C300
800 Robson Street
Vancouver, BC.
The record date for the shareholders entitled to vote at the
Meeting remains those shareholders of record as at the close of
business on September 21, 2021. For
more information regarding the Annual and Special Meeting, please
refer to the Notice of Meeting and Management Information Circular
which is available at
https://timiacapital.com/investors/resources/#2021-agm-documents.
The Company also announced that, further to the news release of
September 21, 2021 regarding the
acquisition of Pivot Financial, it has closed, with Dan Flaro, a key employee of PFSI, a private
placement of 1,666,667 Common Shares at a price of $0.30 per Common Share and 500,000 Preferred
Shares at a price of $1.00 per
Preferred Share, for proceeds of $1,000,000. The Company anticipates using
proceeds of the private placement for general corporate purposes.
All of the securities sold pursuant to the private placement are
subject to a four-month hold period.
About TIMIA Capital Corporation
TIMIA Capital
Corporation has developed a proprietary loan origination platform
that services private market, high-yield loan opportunities,
thereby earning recurring fees and a share of the profit.
While focusing on the fast growing, global, business-to-business
Software-as-a-Service (or SaaS) segment, TIMIA's automated loan
origination system is applicable to multiple technology sectors, it
creates scalable and profitable growth for TIMIA's stakeholders.
For more information about TIMIA Capital Corporation, please visit
www.timiacapital.com
Neither the 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 news release.
Forward-Looking Information
Certain information and
statements in this news release contain and constitute
forward-looking information or forward-looking statements as
defined under applicable securities laws (collectively,
"forward-looking statements"). Forward-looking statements normally
contain words like 'believe', 'expect', 'anticipate', 'plan',
'intend', 'continue', 'estimate', 'may', 'will', 'should',
'ongoing' and similar expressions, and within this news release
include any statements (express or implied) respecting the use of
proceeds of the private placement. Although management believes
that the forward-looking statements are reasonable, actual results
could be substantially different due to the risks and uncertainties
associated with and inherent to Timia's business. Material risks
and uncertainties applicable to the forward-looking statements set
out herein include, but are not limited to, the Company having
insufficient financial resources to achieve its objectives;
availability of further investments that are appropriate for the
Company on terms that it finds acceptable or at all; successful
completion of exits from investments on terms that constitute a
gain when no such exits are currently anticipated; intense
competition in all aspects of business; reliance on limited
management resources; general economic risks; new laws and
regulations and risk of litigation. Although Timia has attempted to
identify factors that may cause actual actions, events or results
to differ materially from those disclosed in the forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, predicted, estimated or
intended. Also, many of the factors are beyond the control of
Timia. Accordingly, readers should not place undue reliance on
forward-looking statements. Timia undertakes no obligation to
reissue or update any forward-looking statements as a result of new
information or events after the date hereof except as may be
required by law. All forward-looking statements contained in this
news release are qualified by this cautionary statement.
SOURCE TIMIA Capital Corp.