VANCOUVER, BC – May 14, 2019 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced the results of its 2019 Annual Shareholder Meeting (“AGM”) with unanimous support for all ballot items.
Approximately 54% of the total outstanding shares were represented at the AGM with a unanimous vote in favor for all three items including the election of directors. TIMIA is delighted to welcome Jan Lederman, Paul Geyer and Robert Napoli to the board. They join incumbent directors Howard Atkinson, David Demers, Thealzel Lee and Mike Walkinshaw.
Subsequent to the AGM, the Board of TIMIA authorized the issuance of 1,100,000 share options to members of the management team, employees, and board members. The options have a term of 5 years and an exercise price of $0.215.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com
For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839
[email protected]
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.