Announcement

Flow Capital Announces the Buyout of Its Investment in Spiridon Technologies Ltd.

April 8, 2021

TORONTO, April 8, 2021 – Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) announces that Spiridon Technologies Ltd. (“Spiridon”) has agreed to a buyout of Flow Capital’s royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months.

“The team at Spiridon is bringing together a number of relevant technologies and is building a strong business. Flow Capital is glad to have been a part of their growth, and we wish them well in their next phase,” said Alex Baluta, CEO of Flow Capital

About Flow Capital

Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.

For further information, please contact:

Flow Capital Corp.

Alex Baluta
Chief Executive Officer
alex@flowcap.com

1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9

Forward-Looking Information and Statements 
 

Certain statements  herein may be “forward-looking” statements that involve known and unknown  risks, uncertainties and other factors that may cause the actual results,  performance or achievements of Flow or the industry to be materially  different from any future results, performance or achievements expressed or  implied by such forward-looking statements. Forward-looking statements  involve significant risks and uncertainties, should not be read as guarantees  of future performance or results, and will not necessarily be accurate  indications of whether such results will be achieved. A number of factors  could cause actual results to vary significantly from the results discussed  in the forward-looking statements. These forward-looking statements reflect  current assumptions and expectations regarding future events and operating  performance and are made as of the date hereof and Flow assumes no  obligation, except as required by law, to update any forward-looking  statements to reflect new events or circumstances.