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GFI Gravitas Financial Inc

0.005
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Gravitas Financial Inc CSE:GFI CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.005 0 01:00:00

Gravitas Financial Inc. Completes Previously Announced Acquisition of Interest in Portfolio Strategies Corporation

13/02/2014 8:30pm

Marketwired Canada


NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES

As previously announced on November 13, 2013, Gravitas Financial Inc. (CSE:GFI)
("Gravitas" or the "Company"), through its wholly-owned subsidiary Gravitas
Financial Services Holdings Inc., entered into a share purchase agreement to
acquire 40% of the issued and outstanding shares of Portfolio Analysts Inc.
("PAI"), the parent company of Portfolio Strategies Corporation, a leading
Canadian independent mutual fund dealer (the "Acquisition"). Gravitas today
announced that it has closed the Acquisition. Gravitas is pleased to have been
able to acquire an interest in such an established, well-run company, and no
changes are contemplated in the management or business operations of Portfolio
Strategies Corporation. 


ABOUT GRAVITAS FINANCIAL INC. 

Gravitas is a financial services, research and analytics holding company
providing, through its various subsidiaries, capital market services to
individual, private and public company clients. Through its portal
www.smallcappower.com, it also provides information to corporate and individual
investors. Gravitas conducts its operations from its head office in Toronto,
Canada. Gravitas intends to utilize the public company platform and enhanced
access to capital to grow its existing business and to provide new and enhanced
products to its clients. 


ABOUT PORTFOLIO STRATEGIES CORPORATION 

Founded in 1994 and based in Calgary, Alberta, Portfolio Strategies Corporation
is one of Canada's largest independent Mutual Fund and Exempt Market
dealerships. With over $ 2.1 billion in assets under administration and more
than 270 Advisors located in offices in British Columbia, Alberta, Saskatchewan,
Manitoba and Ontario, it specializes in helping Advisors help their clients with
proven, common sense financial planning and investment advice. Portfolio
Strategies Corporation is a member of the Mutual Fund Dealers Association and
the Investment Funds Institute of Canada. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gravitas Financial Inc.
Vikas Ranjan
(647) 352-2666
vikas@gravitasfinancial.com

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