Flow Announces C $ 2,000,000 Repurchase of Its Royalty Investment in BPLI Holdings
TORONTO, Sep 22, 2021 (GLOBE NEWSWIRE) – Flow Capital Corp. (TSXV: FW) (“Flow Capital”, “Flow” or the “Company”) announces that BPLI Holdings Inc. (“BPLI”) has completed a purchase of the royalty investment from Flow Capital for C $ 2,000,000 .
“Flow’s perpetual royalty funding structure gave BPLI the growth capital to grow its business and the flexibility to repay Flow when it was ready. We are proud to have partnered with the BPLI team and wish them continued success in their growth journey, ”said Alex Baluta.
About the flow
Flow Capital Corp. is a diversified investor and advisor in alternative assets, specializing in providing minimum dilution capital to emerging growth companies. To apply for funding, visit www.flowcap.com.
For more information, please contact:
Flow Capital Corp.
Chief Executive Officer
1 Adelaide Street East, Suite 3002,
P.O. Box 171,
Toronto, Ontario M5C 2V9
Forward-looking information and statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking information and forward-looking statements are not representative of historical facts or information or the current situation, but represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain. and outside the control of the Company. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget” , “Expected”, “believes”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will continue”, “will take place” or “will be carried out”. Forward-looking information contained herein may include, without limitation, information relating to the current or future performance of one or more of the Company’s investments and the book value per common share of the Company.
An investment in securities of the Company is speculative and subject to a number of risks, including, without limitation, risks relating to: the need for additional financing; the speculative and relative illiquid nature of an investment in the Company; the volatility of the Company’s share price; the Company’s ability to generate sufficient income; the Company’s ability to manage its future growth; the limited diversification of the Company’s existing investments; the Company’s ability to negotiate additional royalty purchases from new issuing companies; the Company’s dependence on the operations, assets and financial health of its issuers; the Company’s limited ability to exercise control or direction over the issuing companies; the potential failures of the issuing companies and the unsecured nature of the Company’s investments; the Company’s ability to enforce any default of an issuing company; competition with other investment entities; tax matters, including the potential impact of the Foreign Accounts Tax Compliance Act on the society ; the potential impact of the Company’s classification as a Passive Foreign Investment Company; the Company’s ability to pay dividends in the future and the timing and amount of such dividends; dependence on key personnel, in particular the founders of the Company; dilution of shareholders’ interests through future financing; and general economic and political conditions; as well as the risks discussed in the Company’s public documents. Although the Company has attempted to identify material factors which could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, other factors may cause actual results to differ materially from those contained in forward-looking information and forward-looking statements. anticipated, estimated or planned.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Assumptions regarding the performance of the Canadian and US economies over the next 24 months and how this will affect the Company’s business and its ability to identify and close new opportunities with new holdings are important factors that the Company has taken into account when establishing its strategic priorities and objectives, and its business outlook.
Key assumptions include, but are not limited to: assumptions that the Canadian and US economies relevant to the direction of the Company’s investments will remain relatively stable over the next 12 to 24 months; that interest rates will not rise dramatically over the next 12 to 24 months; that the Company’s existing issuers will continue to pay royalties to the Company as and when required; that the activities of companies owned by the Company will not experience significant negative results; that the Company will be able to integrate and successfully develop the activities of its predecessor companies; that the Company will continue to develop its portfolio in a manner similar to what has already been established; that tax rates and tax laws will not change materially in Canada and the United States; whereas more small and medium-sized private and public enterprises will continue to need access to other sources of capital; that the Company will have the capacity to raise the required equity and / or debt financing on acceptable terms; and that the Company will have sufficient free cash flow to pay dividends. The Company also assumed that access to capital markets will remain relatively stable, that capital markets will operate with normal levels of volatility and that the Canadian dollar will not have significant volatility against the US dollar. In determining economic growth expectations, the Company primarily considers historical economic data provided by the Canadian and US governments and their agencies. Although the Company believes that the assumptions and factors used in the preparation, and the expectations contained in, the forward-looking information and statements are reasonable, you should not place undue reliance on such information and statements, and no assurance or warranty can be taken. be given that this forward-looking information and statements will prove to be correct, as actual results and future events could differ materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release. All subsequent written and oral forward-looking information and statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by this notice.
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