VANCOUVER, BCMay 23, 2018 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced TIMIA closed $1,130,500 in Debentures from both new and existing Accredited Investors.

TIMIA intends to use these proceeds to expand its growing portfolio of revenue financing investments and expects to complete more revenue finance investments in the near term. This closing brings the total amount raised by Series D Round Debentures to $3,016,200.

The Debentures pay 12% annual interest and will be secured against the assets of the Company. They will mature on June 15, 2022 with an option for early redemption by the Company after December 15th, 2019. For investors who purchased $50,000 or more of Debentures, TIMIA has issued warrants (the “Warrants”) to purchase common shares of the Company at the rate of 4,000 Warrants per $10,000 of Debenture for an aggregate of 452,200 Warrants issued pursuant to the 3rd closing. Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.25, with a term that matches the life of the Debentures.

The Debentures, the Warrants, and any common shares issuable upon exercise thereof, are subject to a four-month hold period in accordance with applicable securities laws.

About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a stream of payments based on revenue. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain control of their business. TIMIA’s target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring and compliance.

For more information about TIMIA Capital Corporation, please visit

For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839

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) regarding intended use of proceeds and expectations regarding future investments in the near term. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company. 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, the regulated nature of the industry in which the Company operates, intense competition in all aspects of business, reliance on limited management resources, general economic risks, new laws and regulations, risk of litigation, and volatility of the price of the Company’s common shares. 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.