TCQ Financial LLC Announces Filing of an Early Warning Report Relating to Its Holding of Securities of Quantum International Income Corp.

TCQ Financial LLC Announces Filing of an Early Warning Report Relating to Its Holding of Securities of Quantum International Income Corp.

DALLAS, Texas, June 08, 2018 (GLOBE NEWSWIRE) -- TCQ Financial LLC (“TCQ”) announced today the filing of an Early Warning Report under Part 5 of Multilateral Instrument 62-104 – Take-over Bids and Issuer Bids reporting on the control and direction it currently has over securities of Quantum International Income Corp. (TSXV:QIC) (the “Corporation”).

As part of a loan agreement entered into with the Corporation in 2016 but which has since been repaid in full by the Corporation and which is no longer in place as of April 9. 2018 (the “Financing”), on May 17, 2017, June 30, 2017, October 6, 2017, November 27, 2017 and December 15, 2017, TCQ acquired an aggregate of 1,956,500 warrants (the “Warrants”) in connection with additional loans under the Financing.  Each Warrant is exercisable for one common share of the Corporation.  If fully exercised the Warrants represents approximately 2.78% of the 70,321,206 issued and outstanding common shares of the Corporation (the “Common Shares”).  Taking into consideration its current holding of Common Shares and the full exercise of all its Warrants, TCQ currently has control and direction over 9,770,674 Common Shares representing 13.42% of all of the issued and outstanding Common Shares.  Prior to these issuances of Warrants, TCQ had control and direction over 7,814,174 Common Shares (assuming the full exercise of 500,000 Warrants it already had control or direction over) which represented 14.45% of all of the issued and outstanding Common Shares.

The Warrants were issued in connection with additional loans under the Financing with no additional consideration paid and through successive private placements. The Warrants were acquired by TCQ for investment purposes and not for the purpose of exercising control or direction over the Corporation and were issued under the “accredited investor” prospectus exemption provided in Section 2.3 of National Instrument 45-106 – Prospectus Exemptions.

The Corporation reports its address as 79 Wellington Street West, Suite 1630, Toronto, Ontario, M5K 1H1.

About TCQ Financial LLC

TCQ Financial LLC is organized in Delaware, USA, and managed by Trive Capital Management LLC.  Trive Capital is a private equity firm that is focused on acquiring, and making equity and debt investments in, strategically viable middle-market companies that exhibit transformational upside potential.  Trive Capital forms collaborative, long-term partnerships with exceptional management teams to identify and implement strategic initiatives that ultimately will lead to operational improvements and value creation.  TCQ Financial and Trive Capital have the address set forth below.

For Further Information Contact:

TCQ Financial LLC
c/o Trive Capital Management LLC
2021 McKinney Avenue
Suite 1200
Dallas, TX 75201
United States of America
Attn:  Conner Searcy
Telephone: (214) 499-9722