Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) for the year to date 2021, beat 2020 in commercial finance business growth and portfolio company unrealized capital gains. Both categories increased with a record high in total invoices, advances and fee income as well as share values of portfolio companies. Listed below are certain key … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) continues to improve its commercial finance business to a record high in total invoices, advances and fee income. Armada would like to provide certain key statistics to shareholders regarding its commercial finance operations. Monthly October Activity: October reached a record month in total outstanding purchased invoices … Read More
Zero Nox, Inc. (“ZeroNox”) an affiliated (approximately 8%) ownership portfolio company of Armada Mercantile Ltd., (“Armada” CSE: ARM) is seeking to raise a fourth round of funding in the amount of US$10,000,000 through a Reg. D 506 offering priced at US$10.00 per share. Armada is assisting ZeroNox in the process of going public by way … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide certain key statistics to shareholders regarding its commercial finance operations. Monthly July Activity: July reached a record month in total outstanding purchased invoices in the portfolio, which totaled US$11,507,601.41. During the month, invoice collections were robust at US$6,793,405.67 and total discount fee … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to announce the appointment of Victor Cohen as Chief Executive Officer. Victor Cohen is a seasoned financier with excellent skills in evaluating business opportunities, risk, efficiency and profit potential. Mr. Cohen is a founder, funder and managing director who oversees a group of established … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide information to shareholders regarding its 2021 February 28th year-end audited financial results. These results were filed on June 30, 2021. 2021 Audited Financial Highlights: Earnings (gain) per share for the year – basic and diluted were 31 cents per share Marketable securities … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide a update to shareholders regarding its commercial finance operations. Monthly Activity: May has reached a record month in total outstanding invoices for the “high margin” invoice portfolio, which totaled $10,876,388, an increase of $1,435,129, from the prior month of $9,441,259. During the … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) would like to provide a update to shareholders regarding its commercial finance operations. Monthly Activity: March reached a record month in total outstanding invoices for the “high margin” invoice portfolio, which totaled $9,441,259.39. During the month invoice collections were robust at US$5,859,670.92 and total discount fee … Read More
Zero Nox, Inc. (“Zero Nox”) an affiliated (approximately 8%) ownership portfolio company of Armada Mercantile Ltd., (“Armada” CSE: ARM) has completed a third round of funding in the amount of US$3,000,000 through a Reg. D 506 offering. The Offering was completed at a valuation of approximately $56,000,000. Zero Nox is headquartered in Porterville, California. They … Read More
Armada Mercantile Ltd. has completed the launch of RichGrandDad Ltd. (“RichGrandDad”), a British Colombia commercial finance subsidiary (51%) company. RichGrandDad plans to fund opportunities prospected by its affiliated group of established brands (https://richgranddad.com ) targeting real estate and commercial lending. The management team of RichGrandDad is comprised of individuals with solid backgrounds in prospecting businesses, … Read More
