2013-07-08 23:12:02 -
Vancouver, British Columbia, July 8, 2013 - Gravitas Financial Inc. (CNSX:GFI)
lists on the on the Canadian National Stock Exchange. The company, previously
trading as SearchGold Resources on the TSX Venture Exchange, has closed its
change of business and business combination with Ubika Corp.
InvestmentPitch.com has produced a "video news alert" which provides a brief
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In addition, the company has closed a brokered private placement of 24,000
subscription receipts, with Portfolio Strategies Securities acting as lead
agent. These subscription receipts, together with the 30,000 previously issued
in May, are exchangeable into Gravitas Financial debentures, with a par value of
$1,000, paying a base interest rate of 3%. The resulting 54 million
(GFI.DB.A) are also listed on the Canadian National Stock Exchange.
Upon satisfying the terms of the escrow agreement, $52.9 million has been
transferred to Gravitas.
Formed in 2004, operational in 2007, and profitable in 2011, Ubika operates
through two divisions. Its Ubika Research division provides investment research
and analytics solutions related to small cap public companies to investors,
investment advisors, and fund managers. It generates revenue by charging small
cap company clients a monthly or annual fee for the provision of analytics or
The second division, SmallCapPower is an online portal platform through which
small cap companies can disseminate corporate information. SmallCapPower
client's pay a monthly fee to access the portal.
As part of its future development, Ubika plans to expand the solutions offered
through SmallCapPower, such as email campaigns and video campaign solutions. It
also plans to include content coverage of U.S. companies.
For more information on Gravitas Financial, please visit their website at
www.smallcappower.com or contact the company's executive vice-president, Vikas
Ranjan, at 416-605-7024 or email email@example.com
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
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Barry Morgan, CFO
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