Grenville Files Financial Statements for Q1 2014
Toronto, Ontario, May 24, 2014 /Marketwired/ – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville”), today announced that it has filed interim condensed consolidated financial statements for the three months ended March 31, 2014. The statements, together with the related management’s discussion and analysis for such period, can be found on SEDAR at www.sedar.com.
Grenville is a Toronto-based company that was formed to provide royalty-based finance solutions by acquiring revenue streams generated by growing industrial and technology businesses. Grenville has identified a large and underserviced finance market for companies generating up to $50 million in revenue, many of which are well managed and generating improving cash flow, but face difficult financing hurdles from traditional debt and equity markets. The non-dilutive royalty financing structure offered by Grenville can bridge the financing needs of these companies until traditional debt or equity is available to them on more attractive commercial terms. The application of Grenville’s royalty financing structure into sectors not traditionally serviced by royalty companies represents a new and innovative financing model – Capital Simplified – that has already attracted a considerable number of opportunities with attractive potential returns.
For more information, please contact:
Grenville Strategic Royalty Corp.:
William (Bill) R. Tharp
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.