On November 27, 2020, TIMIA Capital Corp. (TSXV:TCA) (“TIMIA”) announced the closing of its offering (the “Offering”) of Non-Cumulative Series A Preferred Shares (the “Preferred Shares”) at $1.00 per Preferred Share. Under the Offering, the Company issued 5,210,994 Preferred Shares for gross proceeds of $5,210,994, including the issuance of 1,259,494 Preferred Shares pursuant to the exchange option, whereby purchasers received Preferred Shares in exchange for outstanding non-convertible and convertible debentures of the Company held by them, at face value.
The Offering was completed by a syndicate of agents which included Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., PI Financial Corp., Haywood Securities Inc. and Wellington-Altus Private Wealth Inc.
Miller Thomson advised the agents with a team comprising of Geoff Clarke, Jonathan Tong, Abid Ahmed, and Paul Dimerin (Capital Markets & Securities).
