Inspira Financial Inc.
TSX VENTURE : LND

September 29, 2015 09:00 ET

Inspira Financial Inc. Announces Start of Trading of Unsecured Senior Debentures

WALNUT CREEK, CALIFORNIA--(Marketwired - Sept. 29, 2015) - Inspira Financial Inc. ("Inspira) (TSX VENTURE:LND), a company offering alternative financing to small healthcare providers throughout the United States, including revolving lines of credit ("RLOC") and loans ranging from $250,000 to several million, is pleased to announce that its 4% non-convertible unsecured senior debentures (the "Debentures") have been approved to be listed on the TSX Venture Exchange and will commence trading on October 1, 2015 under the trading symbol "LND.DB".

"We are delighted at how well Inspira has grown over the last twelve months," said David Costine, Chief Executive Officer of Inspira. "We've been experiencing good cash flow along with an expanding loan book and we look forward to releasing our quarterly financials due at the end of October," continued Mr. Costine. "September was a strong month and we booked a record number of loan term sheets. At the current pace, we hope to achieve our goal of a $500 million loan book sooner than expected, without any need of additional equity capital."

Listed Debentures

The Debentures were initially issued on April 30, May 1 and May 4, 2015, pursuant to a private placement. Pursuant to a debenture indenture dated September 23, 2015 (the "Debenture Indenture") Computershare Trust Company of Canada has been retained as trustee. A letter of transmittal was mailed to holders of the Debentures on September 28, 2015 to exchange their existing debenture certificates for replacement debenture certificates subject to the Debenture Indenture.

Forward-Looking Statements

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, including Inspira's ability to achieve a $500 million loan book. Implicit in this information, particularly in respect of the future outlook of Inspira and anticipated events or results, are assumptions based on beliefs of Inspira's senior management as well as information currently available to it. While these assumptions were considered reasonable by Inspira at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue acquisitions, dependence on debt markets and interest rates, demand for the lending products Inspira offers at interest rates higher than at which Inspira can borrow, a novel business model, default risk and ability to collect from the borrows, granting of permits and licenses in a highly regulated business, competition, low profit market segments as well as general economic, market and business conditions, and could differ materially from what is currently expected.

Neither 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 release.

This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S. Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Inspira. The securities of Inspira not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

Contact Information