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TIMIA Capital Corporation bolsters its board

Shareholders at the Vancouver, British Columbia-based company backed the induction of three new directors to the board

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The specialty finance company offers revenue-based financing, allowing SaaS (Software as a service) and knowledge-based start-ups to 'pay as they grow'

TIMIA Capital Corporation (CVE:TCA) (OTCMKTS:TIMCF) announced Wednesday that the company’s shareholders unanimously voted to install  several directors to the company’s board.

The Vancouver, British Columbia-based specialty financier of software firms welcomed industry veterans Jan Lederman, Paul Geyer and Robert Napoli to the board. They join incumbent directors Howard Atkinson, David Demers, Thealzel Lee and Mike Walkinshaw.

READ: TIMIA Capital's revenue-based financing aims to lever up tech entrepreneurs

Following the annual general meeting, the company’s board authorized the issuance of 1,100,000 share options to members of the management team, employees, and board members. The options have five-year term and an exercise price of $0.215.

TIMIA is a specialty finance company which offers revenue-based financing, allowing SaaS (Software as a service) and knowledge-based start-ups to 'pay as they grow'

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive 

Quick facts: TIMIA Capital Corp.

Price: 0.2 CAD

TSX-V:TCA
Market: TSX-V
Market Cap: $7.4 m
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