TORONTO, December 9, 2020 – Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company“) announces that Canadian Teleradiology Services, Inc. (“CTS”) and MEDD Medical Imaging Corp. (“MIC”) have agreed to a buyout of Flow Capital’s royalty investment for $1,500,000 in cash proceeds and 4,400,000 shares in the company resulting from the business combination between CTS and Good2Go2 Corp., the common shares of which are expected to begin trading on the TSX Venture Exchange on or about December 14, 2020.
“The team at Medical Imaging has demonstrated notable perseverance and built a promising business. Flow Capital is glad to have been a part of their growth, and we wish them well in their next phase as a public company,” said Alex Baluta, CEO of Flow Capital.
Flow Capital also announces that it has completed the previously announced early redemption of all outstanding Series B 7% Debentures of the Company due on June 30, 2021.
For further details on the redemption, please refer to the Company’s press release dated November 6, 2020, which can be found on the Company’s SEDAR profile at www.sedar.com or on the Company’s website at www.flowcap.com.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
