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Flow Capital Corp. Capital/Financing Update 2021

Apr 8, 2021

43989_rns_2021-04-08_9f7a762d-1f48-4b52-a0b6-fb0cdd91d14f.pdf

Capital/Financing Update

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FOR IMMEDIATE RELEASE

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FLOW CAPITAL ANNOUNCES THE BUYOUT OF ITS INVESTMENT IN SPIRIDON TECHNOLOGIES LTD

TORONTO, April 8, 2021 - Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) announces that Spiridon Technologies Ltd. (“Spiridon”) has agreed to a buyout of Flow Capital’s royalty investment for US$425,000 in cash proceeds. This represents a cash-on-cash return of approximately 1.7x over 24 months.

“The team at Spiridon is bringing together a number of relevant technologies and is building a strong business. Flow Capital is glad to have been a part of their growth, and we wish them well in their next phase,” said Alex Baluta, CEO Flow Capital.

About Flow Capital

Flow Capital Corp. is a diversified alternative asset investor, specializing in providing minimally dilutive capital to high-growth businesses. To apply for financing, visit www.flowcap.com.

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