TORONTO, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Flow Capital Corp. (FW.V) (the “Company”) announced today that it has commenced legal proceedings against Dionymed Brands Inc. (CSE: DYME; OTCQB: DYMEF) (“DionyMed”) as DionyMed is in default under the Company’s royalty agreement. The claim is for the minimum sum of $2,698,116 which is made up of the investment balance, past due royalty payments and late payment fees.
The Company’s investment in DionyMed is $1,000,000 and there can be no assurance that the Company will recover any portion of its investment.
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.
Chief Executive Officer
1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9
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