Vancouver, BC / ACCESSWIRE / August 5, 2014 / 360 Capital Financial Services Group Inc. (CSE: TSZ) announces the company has signed a Letter of Intent to acquire an initial 29% stake in Silver Maple Ventures Inc., an Exempt Market Dealer (EMD) registered in the provinces of BC, Alberta, and Ontario. As an EMD, Silver Maple is unique, in that it has received approval from the BC Securities Commission to develop an online Equity Crowdfunding Portal*.
Silver Maple plans to launch its Equity Crowdfunding Portal - an online investment-based funding platform - to enable start-up and emerging companies to connect with a much wider investor community, which includes professional venture capital, accredited investors, and retail investors. Companies accepted on the Portal will issue securities using current securities exemptions. Silver Maple's Portal is expected to launch by the end of 2014 and will provide investors with the opportunity to invest in a broad range of private companies.
From 2010 to 2013, Exempt Market Dealers in British Columbia raised over $79 billion compared to only $25 billion raised in the public markets. EMDs are exempt market securities dealers registered under provincial securities legislation in one or more jurisdictions in Canada. The regulatory framework for EMDs is set out in National Instrument 31-103. EMDs distribute prospectus exempt products to investors on behalf of issuers, facilitate transactions between investors and registrants and provide advice on capital structuring to raise capital in the form of debt or equity.
John Gan, Chairman and CEO of 360 Capital stated, "Our investment and strategic partnership with Silver Maple will complement the insurance, merchant banking and consulting services that 360 Capital currently offers. As Silver Maple's start-up and emerging company clients receive funding to develop their businesses, they very likely will require other financial services and 360 Capital and its subsidiaries will be there to assist them".
John Gan further commented, "We are excited to begin working with Peter-Paul Van Hoeken, a professional and passionate investment banker, who has been working on bringing equity crowdfunding to the investing public for the past three years. He is the founder and CEO of Silver Maple and co-founder of the Equity Crowdfunding Alliance of Canada. His Canadian and European experience in the financial, investment banking, and management consultancy will be a valuable asset in developing equity crowdfunding for Silver Maple and provide mutual benefits for both companies".
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 venture capital, accredited and non-accredited investors and government incentives. The company's team is a unique blend of business, finance and technology professionals.
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.
*Note: Final approval of the Equity Crowdfunding Portal is subject to BCSC staff assessing the operation and administration of the portal and the Director, Capital Markets Regulation providing confirmation in writing to conduct this activity.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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SOURCE: 360 Capital Financial Services Group Inc.