Gravitas Financial Inc.

Recent News

  • Gravitas Financial Announces Delay of Filing of Interim Disclosure Documents for the First Quarter of 2020

    Toronto, Ontario--(Newsfile Corp. - May 27, 2020) -  Gravitas Financial Inc. (CSE: GFI) ("Gravitas Financial" or the "Company") today announced that it plans to file its unaudited condensed interim consolidated financial statements and MDA ("Interim Filings") for the quarter ended March 31, 2020, after it will file it annual audited consolidated financial statements and MDA for the year ended December 31, 2019.As announced on April 14, 2020, the Company is relying on the Blanket Exemption Order in delaying (i) the...

    2020-05-27 4:30 PM ET
  • Gravitas Announces Closing of Previously Announced Transactions Regarding the Purchase of Notes and Debentures Issued Under the Trust Indentures for Cancellation

    Toronto, Ontario--(Newsfile Corp. - May 6, 2020) -  Gravitas Financial Inc. (CSE: GFI): Further to its April 21, 2020 announcement of its debt repurchase agreement (the "Debt Repurchase Agreement") with the fiduciary acting on behalf of the beneficial holders of substantially all of Gravitas' secured debt (the "Debtholder"), Gravitas Financial Inc. ("Gravitas") announces that it has closed the transactions contemplated in the Debt Repurchase Agreement and acquired all of the 8% variable secured debentures issued pursuant to the trust indenture...

    2020-05-06 3:17 PM ET
  • Gravitas Announces Closing of Previously Announced Transaction Regarding the Sale of its Securities in Gravitas Ilium Corporation

    Toronto, Ontario--(Newsfile Corp. - April 28, 2020) - Gravitas Financial Inc. (CSE: GFI): Further to its news release dated May 28, 2019 announcing the entering into of an accommodation agreement and related sale and investment solicitation process ("SISP") and news release dated October 18, 2019, Gravitas Financial Inc. ("Gravitas") announces that it has closed its previously announced transaction relating to the sale of all of its interest in Gravitas Ilium Corporation ("GIC"), being 13,830,000 common shares (the "Purchased Securities") and...

    2020-04-28 4:42 PM ET
  • Gravitas Enters into Definitive Agreement regarding the Purchase of Notes and Debentures issued under the Trust Indentures for Cancellation

    Toronto, Ontario--(Newsfile Corp. - April 21, 2020) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas") announces that it has entered into a debt repurchase agreement (the "Purchase Agreement") with the fiduciary acting on behalf of the beneficial holders of substantially all of Gravitas' secured debt (the "Debtholder") pursuant to which Gravitas will acquire all of the 8% variable secured debentures issued pursuant to the trust indenture of Gravitas dated June 25, 2013 and the 3.5% secured notes issued pursuant to the...

    2020-04-21 10:15 PM ET
  • Gravitas Financial Announces Delayed Filing of Annual Disclosure Documents Pursuant to OSC Blanket Instrument 51-502

    Toronto, Ontario--(Newsfile Corp. - April 15, 2020) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas Financial" or the "Company") today announced in accordance with Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission (the "Blanket Exemption Order"), which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posted by the COVID-19 pandemic, that it will be delaying the filing and delivery of certain of its...

    2020-04-15 6:38 PM ET
  • Gravitas Announces Closing of Previously Announced Transaction Regarding the Sale of its Securities in The Mint Corporation

    Toronto, Ontario--(Newsfile Corp. - January 6, 2020) - Gravitas Financial Inc. (CSE: GFI): Further to its news release dated September 27, 2019 and October 29, 2019, Gravitas Financial Inc. ("Gravitas") announces that it has closed its previously announced transaction relating to the sale to Mobile Telecommunication Group LLC and Global Business Services for Multimedia (collectively, the "Purchasers") of common shares in the capital of The Mint Corporation ("Mint") registered and beneficially owned by Gravitas and certain outstanding loans and...

    2020-01-06 9:23 PM ET
  • Gravitas Announces Closing of Previously Announced Portfolio of Assets Transaction

    Toronto, Ontario--(Newsfile Corp. - December 20, 2019) - Gravitas Financial Inc. (CSE: GFI): Further to its news release dated September 24, 2019, Gravitas Financial Inc. ("Gravitas") announces that Gravitas has completed the closing of its previously announced transaction by selling to Ridley Park Capital Inc. ("RPC") its interest in Prime City One Capital Corp. ("Prime City") for $100,000.As previously disclosed in its most recent interim financial statements, Gravitas closed the other components of the previously announced transaction on October 8,...

    2019-12-21 12:33 AM ET
  • Gravitas Announces Sale of Certain Indebtedness

    Toronto, Ontario--(Newsfile Corp. - December 16, 2019) - Gravitas Financial Inc. (CSE: GFI): Gravitas Financial Inc. ("Gravitas") announces that it has sold to Ilium Capital Corp. ("Ilium"), indebtedness in a principal amount of $4,993,739 owing to it by 2242257 Ontario Inc., an affiliate of Gravitas (the "Purchased Indebtedness") for consideration of $375,000 (the "Transaction") pursuant to a debt purchase agreement ("Ilium Purchase Agreement") dated as of the date hereof. The Ilium Purchase Agreement was entered into following the agreement by...

    2019-12-16 10:26 PM ET