VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2015) - GreenAngel Energy Corp. (TSX VENTURE:GAE) (the "Company") announces that it has changed its corporate name from "GreenAngel Energy Corp." to "TIMIA Capital Corp."
The Company's stock symbol on the TSX Venture Exchange ("TSXV") has also been changed. The Company's new stock symbol on the TSXV is "TCA". The board of directors as well as the TSXV have both approved this new name. The Company did not undertake a change of business or consolidation of capital in conjunction with the change of corporate name. The new ISIN for the Company's listed shares is CA88738X1015 and the new CUSIP is 88738X101.
The rebranded Company will now focus on Revenue Financing and will provide investment capital to 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.
Additionally, the Company will continue to manage its existing investments in the clean energy sector.
"Business models have changed," explains Mike Walkinshaw, CEO of TIMIA Capital. "Software companies generate revenue that's recurring in nature and boast high gross margins. This aligns perfectly with TIMIA's metric driven investment process and allows for more innovative financial solutions than were previously unavailable to entrepreneurs."
About TIMIA Capital Corp.
TIMIA Capital Corp. (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 the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD,
Michael Walkinshaw, Chief Executive Officer
TIMIA Capital Corp.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management. 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.