/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, March 25, 2021 /CNW/ - TIMIA Capital
Corporation ("TIMIA" or the "Company") (TSXV: TCA) (OTCQB:
TIMCF) is pleased to announce a non-brokered private placement
of up to 1,000,000 series A preferred shares (the "Preferred
Shares") at a price of $1.00 per
Preferred Share for proceeds of up to $1,000,000 (the "Private Placement"). Closing of
the Private Placement is subject to TSX Venture Exchange approval
and is expected to occur during the week of March 29, 2021. The Preferred Shares trade on the
The TSX Venture Exchange under the symbol TCA.PR.A.
No finder's fees are anticipated to be 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.
The Company anticipates using the proceeds of the Offering to
redeem issued and outstanding nonconvertible debentures and for
general corporate purposes. For more information, potential
investors should contact the Company or review the Company's
disclosure and related 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
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 completion of the Private Placement. 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.