Solution Financial Inc.

Recent News

  • Solution Financial Closes Convertible Debenture Financing

    Vancouver, British Columbia--(Newsfile Corp. - March 8, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") is pleased to announce that it has closed its previously announced non-brokered financing of unsecured convertible debentures ("Debentures") in the principal amount of $3,225,400. The Convertible debenture financing consisted of a reinvestment of $2,615,400 of maturing debentures and interest and $610,000 of new investments. The Debentures will mature on March 8, 2023 ("Maturity Date") and bear interest at a rate of 5.00% per...

    2021-03-08 2:53 PM EST
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - February 9, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on March 15, 2021 to common shareholders of record as of the close of business on March 1, 2021. This dividend is a "non-eligible dividend" for...

    2021-02-09 7:19 PM EST
  • Solution Financial Reports Year End 2020 Financial Results

    Vancouver, British Columbia--(Newsfile Corp. - January 18, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") a leading provider of luxury automotive and yacht leasing in western Canada, today announced its financial results for the fourth quarter and year ending October 31, 2020. Earnings Highlights for the Year End:Net income increased to a record $400,413 and Adjusted net income(1) increased to a record $1,059,391 since going public.Net revenue increased 48% over the prior year to a record $14,299,070....

    2021-01-18 5:10 PM EST
  • Solution Financial Announces $5 Million Unsecured Convertible Debenture Financing and Expansion into Ontario

    Vancouver, British Columbia--(Newsfile Corp. - January 4, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") is pleased to announce a non-brokered financing up to $5,000,000 principal amount convertible debentures ("Debentures"). The Debentures will mature on the second anniversary of the date of issuance (the "Maturity Date") and bear interest at a rate of 5.00% per annum, calculated and paid semi-annually. The principal amount and any accrued and unpaid interest on the Debenture may be convertible into...

    2021-01-04 1:13 PM EST
  • Solution Financial Inc. Announces Renewal of Normal Course Issuer Bid

    Vancouver, British Columbia--(Newsfile Corp. - December 15, 2020) - Solution Financial Inc. (TSXV: SFI) ("Solution" or the "Company"), a leading provider of luxury automotive and yacht leasing in Western Canada, announces that the TSX Venture Exchange ("TSXV") has accepted to renew the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB").Under the NCIB, a total of up to 4,068,111 common shares may be purchased through the facilities of the TSXV, representing 5% of the issued...

    2020-12-15 8:30 AM EST
  • Solution Announces Appointment of Randy Smyth as Director and Chairman of the Board

    Vancouver, British Columbia--(Newsfile Corp. - November 16, 2020) - Solution Financial Inc. (TSXV: SFI) (the "Company") a leading provider of luxury automotive and yacht leasing in Western Canada, is pleased to announce the appointment of Mr. Randy Smyth as Director and Chairman of the Board effective as of the date of this release. Mr. Smyth is a successful entrepreneur with over 30 years of experience within the financial services sector. He has successfully built several national leasing companies...

    2020-11-16 7:53 PM EST
  • Solution Financial Initiates Quarterly Dividend

    Vancouver, British Columbia--(Newsfile Corp. - November 6, 2020) - Solution Financial Inc. (TSXV: SFI) (the "Company"), a leading provider of luxury automotive and yacht leasing in British Columbia, is pleased to announce that the Company's Board of Directors has authorized the payment of a quarterly dividend of $0.001. The quarterly dividend is payable on December 15, 2020 to common shareholders of record as of the close of business on November 30, 2020. This dividend is a "non-eligible dividend" for...

    2020-11-06 2:58 PM EST
  • Solution Financial Reports Record Q3 2020 Financial Results, Conversion of Debentures into Equity and Increase to Bank Leasing Facility

    Vancouver, British Columbia--(Newsfile Corp. - September 23, 2020) - Solution Financial Inc. (TSXV: SFI) (the "Company") a leading provider of luxury automotive and yacht leasing in western Canada, today announced its financial results for the third quarter ending July 31, 2020 along with conversion of $1,380,000 of convertible debentures into common shares and a $2,500,000 increase to its Bank Leasing Facility.Earnings Highlights for the Third Quarter:Net income increased to a record $235,222 and Adjusted net income(1) increased to a record...

    2020-09-23 11:00 AM EDT