(All figures in Canadian dollars)
TORONTO, Oct. 17, 2024 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), a trusted provider of focused private credit strategies for institutional investors, family wealth offices, and wealth managers, is pleased to announce it has entered into a securities purchase agreement (the "Agreement") with an affiliate of Round13 Capital (the "Buyer"), an arm's length third party to the Company, pursuant to which Montfort agrees to sell (the "Transaction") all of its right, title and interest to the entities comprising the TIMIA Capital business unit, which together provide a technology-based lending platform that provides debt capital to B2B recurring revenue technology businesses in North America (the "TIMIA Group"), and Montfort's equity interests in the TIMIA Group investment funds.
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