TIMIA Capital Corp.
TSX VENTURE : TCA

TIMIA Capital Corp.

April 27, 2016 14:17 ET

TIMIA Announces New $1 Million Debenture Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 27, 2016) - TIMIA Capital Corp. (TSX VENTURE:TCA) is pleased to announce an offering of up to $1,000,000 in debentures (the "Debentures") to accredited investors to fund upcoming Revenue Financing ("RBF") investments. The Debentures will be unsecured, will pay 8% annual interest, paid monthly and will mature five years from the date of issuance with an option for early redemption by the Company after 3 years. The Debentures also have 50% warrant coverage ("the Warrants") on the common shares of the Company. The Warrants will have a 5 year term with a strike price of $0.20. The Debentures, the Warrants, and any common shares issuable upon exercise thereof, will be subject to a four-month hold period in accordance with applicable securities laws. The offering is subject to the approval of the TSX Venture Exchange.

The proceeds of this offering will be used to make further RBF investments in recurring revenue software companies.

Revenue Financing is attractive to companies that are not yet qualified for traditional bank debt but do not want to suffer the dilution and control issues associated with equity issuances. Revenue growth and high gross margins are key attributes required by applicants in order for the successful application of Revenue Financing.

Mike Walkinshaw, CEO of TIMIA, said "2016 is off to a strong start for TIMIA." Mike added, "We look forward to growing our asset base and continuing our momentum with more exciting technology company financings through the year."

About TIMIA Capital Corp.

TIMIA (pronounced "Te-MY-ah") is a revenue financing company that provides investment capital to Canadian technology companies in exchange for a royalty on revenue. This new financing option complements both debt and equity financing while allowing entrepreneurs to retain control of their own business.

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.

ON BEHALF OF THE BOARD

Michael Walkinshaw, Chief Executive Officer

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's issuance of Debentures, payment of interest thereon, acceptance of the offering by the TSX Venture Exchange and the Company's use of the proceeds of the offering, including investment in RBF instruments. 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.

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