FOR IMMEDIATE RELEASE: September 21, 2017

 VANCOUVER, BC – TIMIA Capital Corporation (TSX-V:TCA) (“TIMIA” or the “Company”)  is pleased to provide this operational update for the fiscal quarter ended August 31, 2017.


As previously disclosed, TIMIA entered into a new revenue finance agreement with Beanworks Solutions Inc. (“Beanworks”) and exited its investment in Lambda Solutions Inc. (“Lambda”).

TIMIA committed $2,000,000 to Beanworks at the beginning of Quarter 3 and has disbursed a total of $850,000 to date.  In August, 2017, Lambda exercised the buyout provision of its financing agreement.  Total payments received from Lambda were $823,000 over the life of the $600,000 investment.

As at August 31, 2017, the Company’s cumulative funding commitments[1] are $6,250,000 and cumulative funding disbursements[2] made as at August 31, 2017 are $4,150,000.







Payments Received

TIMIA receives monthly blended payments from its investee companies, comprising both interest and principal repayment.

These blended payments totalled $270,000 during the quarter ended August 31, 2017, representing the largest quarter to date for payments received.  These payments do not include the buyout payments received from Lambda.

The growth of these payments over time supports our unique and active financing model, targeting private recurring revenue software companies, and tying our repayment to the revenue growth of those companies.







At the end of the quarter, the Company has available cash resources of $2.3 Million and looks forward to putting capital to work in new and existing deals over the next few quarters.

About TIMIA Capital Corporation

TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream 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, compliance and workouts.

For more information about TIMIA Capital Corporation, please visit

For more information, please contact:

Mike Walkinshaw

Chief Executive Officer

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.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.

[1] Funding commitments are total contractual commitments to fund investee companies, inclusive of actual disbursements made to date and future commitments subject to meeting certain milestones and due diligence.

[2] Funding disbursements are actual funds invested to date.