Solution Financial Announces Graduation to the Toronto Stock Exchange
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2021) - Solution Financial Inc. (TSX: SFI) (the "Company"), a leading provider of luxury automotive and yacht leasing in Western Canada, is pleased to announce that it has received final approval to list its common shares on the Toronto Stock Exchange (the "TSX"). Solution's common shares will commence trading on the TSX when the market opens on Wednesday, September 8, 2021, under the current trading system of "SFI". "Graduating to...
2021-09-07 7:30 AM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - August 5, 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 September 15, 2021 to common shareholders of record as of the close of business on August 31, 2021. This dividend is a "non-eligible...
2021-08-05 2:08 PM EDT
Solution Financial Celebrates Tenth Consecutive Profitable Quarter and Q2 2021 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company"), a leading provider of luxury automotive and yacht leasing in Canada, today announced its financial results for the second quarter ending April 30, 2021. Earnings Highlights for the Quarter: Net income increased to $199,695 and Adjusted net income(1) increased to $239,094. Net revenue increased 103% over the prior year quarter to $5,581,297. Total lease and finance portfolio...
2021-06-29 1:25 PM EDT
Solution Financial Announces Closing of Short Form Prospectus Offering
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") is pleased to announce it has closed its previously announced "commercially reasonable best efforts" public offering pursuant to which the Company issued 5,936,042 units of the Company (each a "Unit") at a price of C$0.40 per Unit for gross proceeds of approximately C$2.4 million (the "Offering"). The Offering was led by iA Private Wealth Inc. (the "Agent"). Each Unit comprised...
2021-06-04 11:21 AM EDT
Solution Financial Engages Hybrid Financial Ltd.
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") is pleased to announce that it has retained Hybrid Financial Ltd. The service provided by Hybrid to the Company is a database of Registered Financial Professionals in North America. Hybrid is not promoting the specific purchase or sale of securities. It provides its database, technology, and call center services to enable the issuer to disseminate its information to Financial...
2021-05-07 6:40 PM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - May 3, 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 June 15, 2021 to common shareholders of record as of the close of business on May 31, 2021. This dividend is a "non-eligible dividend" for...
2021-05-03 5:35 PM EDT
Solution Financial Reports Q1 2021 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - March 31, 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 first quarter ending January 31, 2021. Earnings Highlights for the Quarter: Net income increased to $94,133 and Adjusted net income(1) increased to $267,451. Net revenue increased 30% over the prior year quarter to $3,882,792. Total lease and finance...
2021-03-31 6:25 PM EDT
Solution Financial Files Final Short Form Prospectus Offering
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") is pleased to announce it has filed a final short form prospectus (the "Prospectus") in connection with its previously announced "best efforts" public offering of a minimum of 7,500,000 units of the Company (each a "Unit") and a maximum of 25,000,000 Units (the "Maximum Offering") at a price of C$0.40 per Unit (the "Offering Price") for minimum gross proceeds of C$3,000,000 and...
2021-03-30 12:30 PM EDT
Solution Financial Announces Short Form Prospectus Offering
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2021) - Solution Financial Inc. (TSXV: SFI) (the "Company") is pleased to announce it has filed a preliminary short form prospectus (the "Prospectus") in connection with an offering of a minimum of 7,500,000 units of the Company (each a "Unit") and a maximum of 25,000,000 Units at a price of C$0.40 per Unit (the "Offering Price") for minimum gross proceeds of C$3,000,000 and maximum gross proceeds of C$10,000,000 (the "Offering"). The...
2021-03-11 2:11 PM EST
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...
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"...
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...
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...
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...
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...
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...
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...
2020-09-23 11:00 AM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - August 12, 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 September 15, 2020 to common shareholders of record as of the close of business on August 31, 2020. This dividend is a "non-eligible...
2020-08-12 4:36 PM EDT
Solution Financial Reports Q2 2020 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - June 26, 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 second quarter ending April 30, 2020. Earnings Highlights for the Second Quarter: Net income increased to $39,595 and Adjusted net income(1) increased to $220,997. Net revenue increased 12% over the prior year quarter to $2,755,551. Total lease and finance...
2020-06-26 1:40 PM EDT
Solution Financial Initiates Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - May 12, 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 June 15, 2020 to common shareholders of record as of the close of business on May 29, 2020. This dividend is a "non-eligible dividend" for...
2020-05-12 2:06 PM EDT