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
Aquaborne LLC is conducting a Regulation Crowdfunding offering via the Wefunder Portal LLC (https://wefunder.com/aquaborne) platform. Armada Mercantile Ltd., (“Armada” CSE: ARM OTC: AAMTF), is acting as the required lead investor for Aquaborne LLC, who is raising capital under Regulation C. Aquaborne LLC plans to launch its first commercial scale eco-friendly aquatic leather tannery in … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: Our “high margin small ticket” invoice portfolio reached an all-time high of US$8,708,202.13 up from US$7,368,805.97 in December. The continued growth in business is attributable to ongoing demand for capital to fund … Read More
Zero Nox, Inc. (“Zero Nox”), an affiliated (approximately 10%) ownership portfolio company of Armada Mercantile Ltd. (Symbol: AAMTF), is seeking to enter the US public markets by way of a NASDAQ listing or merger with a Special Purpose Vehicle or “SPAC”. Management of Armada is working with Zero Nox to facilitate the going public process. … Read More
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) has reached an all-time high of its commercial finance operations. Record Monthly Invoice Portfolio: The “high margin small ticket” invoice portfolio reached an all-time high of US$$7,852,957.77 up from US$7,071,104.99 in October. October was a good month for invoice collections and fee income, which is a … Read More
