Advantagewon Inc. Engages Silver Shield Resources Corp., to Assist with Go Public Transaction
AI is an Ontario focused automotive repair finance company that funds consumer automotive repair loans. AI's loan portfolio has grown at over 600% per annum and is now approximately $2.7 million. AI anticipates originating $6 million in new loans within the next 12 months and believes that its addressable market share in Ontario is $168 million. AI anticipates accessing the capital markets to help grow its loan portfolio and expand across Canada.
Under the terms of the agreement, AI will pay SSR a monthly advisory fee of $6,000 and upon successful completion of its go public transaction will pay SSR a success fee of $100,000 and issue $80,000 worth of AI stock options at the go public price to the Corporation.
Mr. Frank Kordy stated: "We are pleased to have engaged our first merchant banking client and that Advantagewon has chosen to work with us on their go public strategy. We believe Advantagewon is an exciting growth oriented company and look forward to assisting in their success."
For further information please contact:
Mr. Frank Kordy, Interim CEO
Silver Shield Resources Corp.
T: (647) 466-4037
E: frank.kordy@silvershieldresources.net
Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release.
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