TIMIA Announces Filing of Final Short Form Prospectus
TIMIA Announces Filing of Final Short Form Prospectus |
[29-October-2020] |
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ VANCOUVER, BC, Oct. 29, 2020 /CNW/ - TIMIA Capital Corporation ("TIMIA'' or the "Company") (TSX-V:TCA) (OTC: TIMCF) is pleased to announce that it has filed a final short form prospectus (the "Prospectus") with the securities commissions in each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario in connection with its previously announced commercially reasonable efforts offering (the "Offering") of up to 10,000,000 Non-Cumulative Series A Preferred Shares (the "Preferred Shares") at a price of $1.00 per Preferred Share (the "Offering Price") for gross proceeds of up to $10,000,000 through a syndicate of agents which includes Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., PI Financial Corp., Haywood Securities Inc. and Wellington-Altus Private Wealth Inc. (the "Agents"). The minimum size of the Offering is $3,000,000. Closing of the Offering is expected to occur on November 25, 2020, or such other date as may be agreed by the Company and the Agents, acting reasonably. The TSX Venture Exchange (the "TSXV") has conditionally approved the Offering and the listing of the Preferred Shares, subject to customary conditions. For more information, potential investors should read the Prospectus, which is available on the Company's SEDAR profile at www.sedar.com. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. 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 the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About TIMIA Capital Corporation 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 SOURCE TIMIA Capital Corp. | ||
Company Codes: OTC-QB:TIMCF, TorontoVE:TCA |
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