Vancouver, BC / ACCESSWIRE / September 2, 2014 / 360 Capital Financial Services Group Inc. (CSE: TSZ) announces the company has completed the previously announced Letter of Intent to invest in Silver Maple Venture Inc. by acquiring an initial 29% stake of the Exempt Market Dealer.
SMV is registered as a securities Exempt Market Dealer in BC, Alberta and Ontario, and fully focused on developing online investment-based crowdfunding solutions across Canada - subject to provincial securities legislation. 360 Capital intends to further increase its shareholding in Silver Maple and to help develop its online investment crowdfunding business to become the market leader in Canada in this new and exciting investment marketplace.
"This investment by 360 Capital is evidence of the company's commitment to become a fully integrated financial services solutions provider in the area of corporate finance, merchant banking and insurance services," stated Chairman and CEO John Gan. "From the very beginning, it has been our vision to provide a broad range of financial services and to leverage the experience and competencies of our management and Board of Directors to capitalize on market opportunities in Canada and in Asia-Pacific". "This investment into the Equity Crowdfunding business is a small step towards our ambitious and exciting plan to transform 360 Capital into a dynamic international Financial Services company" added Mr. Gan.
About 360 Capital Financial Services Group Inc.
360 Capital and its subsidiary business units, are developing, growing and operating financial services businesses and distribution through acquisition, partnership, joint-venture, and strategic alliance and cooperation - in Canada and Asia Pacific. These financial services include insurance, merchant banking and consulting services.
About Silver Maple Ventures Inc.
Silver Maple is a registered Exempt Market Dealer financial company focused on funding private companies in Canada, by providing them with access to capital through innovative multi-source finance solutions including angel investors, venture capital, and other eligible investors under applicable provincial securities law, as well as government incentives. The company's team is a unique blend of business, finance and technology professionals.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Ullrich Schade
Corporate Communications
Telephone: 604-566-9835
E-mail: [email protected]
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE: 360 Capital Financial Services Group Inc.