Friday, September 22, 2017

360 Capital Financial Provides Investment Update and Announces New Funding Focus in the Blockchain Technology Sector. 


9 hours ago - ACQUIREMEDIA
Vancouver, BC (FSCwire) - 360 Capital Financial Services Group Inc. ("360" or the "Company") (CSE: TSZ) (www.360capital.ca), has held extensive discussions and conducted in depth analysis regarding its previously announced due diligence process with the national technology company, Nerds on Site Inc, a complete small and medium sized business IT solution provider across Canada. As a result of the process, 360 has advised Nerds On Site that it would be best for its business and shareholders to conduct an IPO, which will take place in the near future.  Funding from this offering will allow Nerds on Site to expand into the USA.

Through the process of identifying potential investments, 360’s leadership has identified multiple opportunities with blockchain technology companies requiring capital and mentorship to either scale their proven business models or advance new developments to market.

“We believe that blockchain crypotechology, essentially a distributed ledger which is transparent and uncorruptable, has the potential to substantially change the way business is conducted. Whether it be cryptocurrencies, smart contracts, crowdfunding, data management, the internet of things or stock trading and beyond, a blockchain delivers security, cost savings and efficiency gains not seen before in the internet connected world,” said Mr. George Tsafalas, President, 360.

Subsequent to the closing of its recent private placement, the Company has approximately $1,600,000 in cash and is actively reviewing investment opportunities.
About 360 Capital Financial Services Group Inc.

360 Capital Financial Services Group, through our subsidiaries and affiliated companies, provides a broad range of financial services to emerging private and public companies. We "Connect Capital to Growth" by providing corporate finance advisory, merchant banking, IPO consulting and business advisory services for our clients.
For further information, please contact:
George Tsafalas
President
Telephone: 604-343-2977
E-mail: corporate@360capital.ca

Thursday, September 21, 2017

BCSC amends crowdfunding rules

2017-09-21 12:10 ET - News Release

Mr. Peter Brady reports
CHANGES TO START-UP CROWDFUNDING EXEMPTION WILL INCREASE ACCESS TO CAPITAL FOR B.C. ISSUERS
The British Columbia Securities Commission (BCSC) has made improvements to crowdfunding rules that will enable B.C.-based issuers to access investors in Alberta when conducting crowdfunding campaigns. The amendments also permit an increased investment, for some investors, of up to $5,000.

"With these amendments, B.C. is harmonizing the crowdfunding regime and providing start-up and early stage issuers with access to more potential investors and more investment dollars," said Peter Brady, Executive Director of the BCSC. "The BCSC consults extensively with B.C. technology industry businesses and stakeholders, and we're proud that those consultations are yielding real results."

The BCSC's Tech Team recommended the amendments to B.C. Instrument 45-535 Start-up Crowdfunding Registration and Prospectus Exemptions (BCI 45-535) following stakeholder consultations and after reviewing the results of the BCSC's 2017 Tech Survey. The BCSC launched the survey in January 2017 to engage with technology industry stakeholders and businesses and learn what challenges and opportunities the sector currently faces.

Survey respondents who were involved in crowdfunding identified harmonization across jurisdictions as one of their biggest concerns. The new amendments take steps to resolve that issue by allowing an interface between the B.C. and Alberta crowdfunding rules. Respondents also recommended increasing the investment amounts allowed under the current crowdfunding rules. The new amendments raise the investment limit from $1,500 to $5,000, if the investor has obtained advice from a registered dealer that the investment is suitable for them.

"Consultation with industry is very important to us, and we want to thank everyone who took the time to provide their input through the survey," said Brady. "We value the insights of fintech businesses and stakeholders, and we believe that these crowdfunding amendments show our dedication to working with industry." We anticipate issuing a publication later this year that will summarize the results of the survey and our other fintech stakeholder consultations.

Information on BCI 45-535, including guidance tailored for funding portals, issuers and investors, can be found on the BCSC's Start-up Crowdfunding webpage. The BCSC's Tech Team can be reached by email at TechTeam@bcsc.bc.ca.

About the British Columbia Securities Commission (www.bcsc.bc.ca)
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act.