IOU Financial Amends Credit Facility
Montreal, Quebec--(Newsfile Corp. - September 8, 2014) - IOU Financial Inc. (TSXV : IOU) (“IOU Financial” or the "Company"), an online lender to small businesses, announced today that as a result of its successful loan sales program and exercise of shareholders warrants, it requested to amend its credit facility. Specifically, IOU Financial initiated a reduction from $15M to $5M. This allows IOU Financial to continue expansion of its loan sales program and grow its servicing portfolio. IOU...
2014-09-08 6:27 PM EDT
IOU Financial Inc.'s Results for the Three and Six Month Period Ended June 30, 2014
Montreal, Quebec--(Newsfile Corp. - August 26, 2014) - IOU FINANCIAL INC. (TSXV: IOU) ("IOU" or "the Company") recorded revenue for the quarter ended June 30, 2014 of $1,493,806 versus $732,188 for the quarter ended June 30, 2013. The Company closed its second quarter of fiscal 2014 with a net loss attributable to common shareholders of $424,529, or $0.01 per share, compared to a net loss of $561,761 or $0.01 per share during the same period of 2013. Excluding stock based...
2014-08-26 4:46 PM EDT
IOU Financial Grants Stock Options
Montreal, Quebec--(Newsfile Corp. - July 15, 2014) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial" or the "Company") today announced the grant of options pursuant to its Stock Option Plan. IOU Financial granted options entitling one of its directors to acquire up to an aggregate of 45,000 Common Shares of the Company at an exercise price of $0.60 per Common Share; these options have a term of five years from the date of grant with one-third (1/3) vesting immediately and one-third...
2014-07-15 9:34 PM EDT
IOU Financial Ranks No. 32 on the 2014 PROFIT 500 List of Canada's Fastest Growing Companies
Montreal, Quebec--(Newsfile Corp. - June 12, 2014) - IOU Financial Inc. (TSXV: IOU) ("IOU Financial", "IOU", or the "Company") announced today that Canadian Business and PROFIT 500 ranked IOU Financial No. 32 on the 26th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years. IOU Financial, an online lender...
2014-06-12 6:28 PM EDT
IOU Financial Inc.'s Results for the Three and Nine Month Periods Ended September 30, 2013
Montreal, Quebec--(Newsfile Corp. - November 28, 2013) - IOU FINANCIAL INC. (CNSX: IOU) ("IOU" or "the Company") recorded revenue for the quarter ended September 30, 2013 of $1,510,202 versus $277,813 for the quarter ended September 30, 2012. The Company closed its third quarter of fiscal 2013 with a net loss attributable to common shareholders of $44,949, or $0.01 per share, compared with a net loss of $383,808 or $0.02 per share during the same period in 2012. The Company...
2013-11-28 4:02 PM EST