VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 2, 2016) - TIMIA Capital Corp. ("TIMIA" or the "Company") (TSX VENTURE:TCA) is pleased to announce that it has closed its previously announced $1 Million debenture offering ("Debentures") with $1,119,300 in subscriptions.
TIMIA will use the proceeds to fund its program of Revenue Finance investments. TIMIA's Revenue Finance solution provides financing to established recurring-revenue software companies in exchange for a royalty on sales.