Gravitas Enters into Definitive Agreement Regarding the Sale of its Securities in The Mint Corporation
Toronto, Ontario--(Newsfile Corp. - September 27, 2019) - Further to its news release dated May 28, 2019 announcing the entering into of an accommodation agreement (the "Accommodation Agreement") and related sale and investment solicitation process ("SISP"), and by way of update to the news release dated August 28, 2019 in regards to the sale of securities in The Mint Corporation ("Mint"), Gravitas Financial Inc. (CSE: GFI) ("Gravitas") announces that it has entered into a securities purchase...
2019-09-27 12:18 AM EDT
Gravitas Announces Sale of Portfolio of Assets
Toronto, Ontario--(Newsfile Corp. - September 24, 2019) - Further to its news release issued on May 28, 2019 announcing the entering into of an accommodation agreement and related sale and investment solicitation process ("SISP"), Gravitas Financial Inc. (CSE: GFI) ("Gravitas") today announces that it has entered into an agreement with Principle Capital Partners Corporation ("Principle") and Ridley Park Capital Inc. ("RPC") pursuant to which: (i) Principle will acquire Gravitas' directly- or...
2019-09-24 10:12 AM EDT
Gravitas Provides Update Concerning Non-Binding Letter of Intent Regarding Sale of its Securities in The Mint Corporation
Toronto, Ontario--(Newsfile Corp. - August 28, 2019) - Further to its earlier news release dated August 22, 2019, Gravitas Financial Inc. (CSE: GFI) ("Gravitas") is providing further details regarding its non-binding letter of intent (the "Non-binding LOI") with, among others, Global Business Services for Multimedia ("GBS") and Mobile Telecom Group LLC ("MTG" and together with GBS, the "Buyers") which sets out the key terms pursuant to which the Buyers will acquire Gravitas' shares of The...
2019-08-28 9:00 AM EDT
Gravitas Signs Non-Binding Letter of Intent Regarding Sale of its Securities in The Mint Corporation
Toronto, Ontario--(Newsfile Corp. - August 22, 2019) - Further to its news release issued on May 28, 2019 announcing the entering into of an accommodation agreement and related sale and investment solicitation process ("SISP"), Gravitas Financial Inc. (CSE: GFI) ("Gravitas") today announces that it has entered into a non-binding letter of intent with Global Business Services for Multimedia ("GBS") and Mobile Telecom Group LLC ("MTG" and together with GBS, the "Buyers") which sets out the key...
2019-08-22 12:03 AM EDT
Gravitas Announces Sale of its Interest in GIC Merchant Bank Corporation, Bay Talent Group Inc. and Emerge Commerce Inc.
Toronto, Ontario--(Newsfile Corp. - July 25, 2019) - Further to its news release issued on May 28, 2019 announcing the entering into of an accommodation agreement and related sale and investment solicitation process (the "SISP"), Gravitas Financial Inc. (CSE: GFI) ("Gravitas") today announces that it, together with its wholly-owned subsidiary Gravitas Ventures Inc. ("GVI", and together with Gravitas, the "Sellers"), has entered into an agreement with GIC Merchant Bank Corporation ("GICMB")...
2019-07-25 6:22 PM EDT
Gravitas Announces Appointment of New Director
Toronto, Ontario--(Newsfile Corp. - July 10, 2019) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas") is pleased to announce the appointment of Brent Houlden as a member of its board of directors.Mr. Houlden is a former, senior Deloitte consulting/financial advisory partner who is currently applying his financial expertise and negotiation skills as the CEO of Dealnet Capital Corp. (TSXV: DLS). He is an operator and strategist with a wide breadth of management skills and expertise with public...
2019-07-10 8:19 AM EDT
Gravitas Announces Sale of Principle Capital Partners Corp.
Toronto, Ontario--(Newsfile Corp. - June 11, 2019) - Further to its news release issued on May 28, 2019 announcing the entering into of an accommodation agreement and related sale and investment solicitation process ("SISP"), Gravitas Financial Inc. (CSE: GFI) ("Gravitas") today announces that it has entered into an agreement with Yuhua International Capital Inc. ("Yuhua") pursuant to which Yuhua will acquire Gravitas' shares of Principle Capital Partners Corp. (formerly Gravitas Mining...
2019-06-11 11:20 PM EDT
Gravitas Announces Sale and Investment Solicitation Process
Toronto, Ontario--(Newsfile Corp. - May 28, 2019) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas") announced today that it has entered into an accommodation agreement dated May 28, 2019 with the majority holders of its secured debt. Under the accommodation agreement, the debt holders have agreed to continue to waive the payment of interest in accordance with and pursuant to the terms thereof. This waiver commenced with the interest payment due on March 31, 2019 and, as provided for...
2019-05-28 5:33 PM EDT
Gravitas 1st Quarter Financial Statements to be Delayed
Toronto, Ontario--(Newsfile Corp. - May 15, 2019) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas" or the "Company"), announced today that it will be late in filing its interim financial report, MD&A and related certificates for the three months ended March 31, 2019 (the "Quarterly Filings"). The Quarterly Filings are required to be filed no later than May 30, 2019. The late filing of the Quarterly Filings is due to delays in finalizing the annual financial statements, MD&A and...
2019-05-15 4:14 PM EDT
Gravitas Cease Trade Order Due to Late Financial Statements
Toronto, Ontario--(Newsfile Corp. - May 7, 2019) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas" or the "Company") announces that a cease trade order has been issued against the Company by the Ontario Securities Commission because of the Company's failure to file annual financial statements for the financial year ended December 31, 2018, together with the related MD&A and officer certifications (the "2018 Annual Filings"). As a result, the Company's securities have been halted from trading...
2019-05-07 12:17 PM EDT
Gravitas Annual Financial Statements to be Delayed
Toronto, Ontario--(Newsfile Corp. - April 26, 2019) - Gravitas Financial Inc. (CSE: GFI) ("Gravitas" or the "Company"), announced today that it will be late in filing its audited annual financial statements, MD&A and related CEO and CFO certificates for its financial year-ended December 31, 2018 (the "Year End Filings"). The Year End Filings are required to be filed no later than April 30, 2019. The late filing of the Year End Filings is due to delays in...
2019-04-26 5:00 PM EDT