Not for distribution in the United States or through United States wire services
TORONTO, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Gravitas Financial Inc. (CSE: GFI) (“Gravitas” or the “Company”), today is pleased to update investors about our initiatives in building a Chinese-Canadian financial services platform including cross-border capital markets services between China and Canada.
GRAVITAS ILIUM CORPORATION (“Gravitas Ilium”)
Gravitas Ilium, a subsidiary of Gravitas, provides a regulated and licensed financial services platform developed to serve the wealth management and investment banking needs of entrepreneurs with a focus on those in the Chinese Canadian community. Gravitas Ilium currently has three operating subsidiaries: Gravitas Securities Inc., Gravitas Capital International, and foreGrowth Inc.
Gravitas Securities Inc. is an IIROC investment dealer and wealth manager with offices in Toronto and Vancouver. Gravitas Securities is focused on investment banking and private client wealth management and has $350 million of private client capital and more than 15 financial advisors. Gravitas Securities has also entered into a strategic partnership agreement with a large China based investment banking firm.
Gravitas Capital International is a U.S. broker-dealer specializing in public and private equity and debt offerings, and M&A advisory. Gravitas Capital is a FINRA member and a member of the SIPC.
foreGrowth focuses on designing institutional quality investment products distributed through registered dealers to high-net-worth retail investors. In partnership with Gravitas Securities Inc., which acts as the portfolio manager and/or investment fund manager of the foreGrowth investment products, foreGrowth products have to date raised over $30 million.
GRAVITAS MINING CORPORATION (“Gravitas Mining”)
Gravitas Mining is a mining merchant bank which has partnered with strategic Chinese mining groups to bring its extensive Canadian capital market knowledge and provide outstanding deal support and asset management expertise.
Merchant Banking Operations – Gravitas Mining has been developing its merchant banking practice to deploy capital for mining companies that are positioned for growth and require capital to expand and to execute mergers and acquisitions opportunities with Chinese and non-Chinese mining companies.
Asset Management Operations – Gravitas Mining and Zhaojin Mining, one of the largest gold mining companies in China, have launched Gravitas Zhaojin Gold Industry Fund in 2018. This fund is advised and managed jointly by Gravitas Mining and Zhaojin combining Gravitas’ capital market expertise and Zhaojin’s technical and mine engineering strengths. Both Gravitas Mining and Zhaojin have invested significant capital in the Fund.
Gravitas Mining asset management operations also participated in Zijin Midas Fund as investor and strategic partner to Gold Mountain Asset Management. Zijin Mining, the parent company, is one of largest mining companies in China. The Fund focuses on investing in gold and copper exploration projects.
GRAVITAS FINANCIAL APPOINTMENT
Gravitas is pleased to announce the appointment of Brent Somerville as Senior Vice President for Corporate Development. Brent is tasked with developing and executing on the Gravitas external communication and investor relations strategy. Brent is a seasoned executive and has successfully run private and public companies in Asia, Europe, and North America, most recently as Interim CEO and Director at a US listed technology company.
Vikas Ranjan, President of Gravitas Financial stated, “We believe that Gravitas has built a unique platform to cater to growth opportunities in fast growing areas of financial services, fintech and mining. Our unique focus on international markets along with our strong North American foundation is a key differentiator. We believe that many initiatives undertaken by our team over the last five years are near inflection points in terms of unlocking their business potential and can add significantly to shareholders’ value. Brent’s addition to our team will help us articulate this more accurately and actively to the investor base.”
ABOUT GRAVITAS FINANCIAL INC.
Gravitas is an investment holding and merchant banking firm with a focus on financial services, financial technology and mining verticals. It has an active presence in North America, as well as in the fast-growing international regions including China, India and the Middle East. Gravitas seeks to make strategic investments in high quality and well-managed wealth management, financial technology and mining companies and aims to generate significant shareholder value through the growth in its investments.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Brent Somerville, Investor Relations, Gravitas Financial Inc.
Email: brent@gravitasfinancial.com
Tel: 647-846-4105
Vikas Ranjan, President, Gravitas Financial Inc.