Month: July 2015

IOU Financial Closes 2Q2015 With Record Loan Originations of US$33.8 Million

40% year over year increase in loan originations Retail and wholesale channels demonstrate strong growth MONTRÉAL, July 20, 2015 /CNW/ – IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU Financial” or the “Company”) a leading online lender to small businesses, announced today it originated US$33.8 Million in new loans in the second quarter of 2015, …

IOU Financial Closes 2Q2015 With Record Loan Originations of US$33.8 Million Read More

IOU Financial Board Of Directors Unanimously Recommends that Shareholders REJECT Qwave’s Unsolicited Inadequate Partial Offer

• IOU board and management poised to deliver sustainable long term shareholder value, Qwave offer puts that at risk. • Qwave’s partial offer significantly undervalues IOU’s market position, assets, brand presence, and long-term business prospects. • Qwave’s track record is unknown and they have not articulated a credible plan for IOU. Montreal, Quebec, July 10, …

IOU Financial Board Of Directors Unanimously Recommends that Shareholders REJECT Qwave’s Unsolicited Inadequate Partial Offer Read More

IOU Financial Commences Legal Proceedings to Suspend the Unsolicited Partial Offer of Qwave

Montreal, Quebec, July 7, 2015 – IOU Financial Inc. (TSXV: IOU) (“IOU Financial” or the “Company”), a leading online lender to small businesses, today announces that it has commenced legal proceedings against Qwave Capital LLC (“Qwave”) and its manager Serguei Kouzmine before the Québec Superior Court. IOU Financial alleges that, in making its unsolicited partial …

IOU Financial Commences Legal Proceedings to Suspend the Unsolicited Partial Offer of Qwave Read More

IOU Financial Provides Additional Details Regarding Its Previously – Announced Private Placement

MONTRÉAL, Québec, July 6, 2015 –IOU Financial Inc. (TSX Venture Exchange: IOU) (“IOU Financial” or the “Company”). Pursuant to the Press Release dated June 19, 2015, IOU Financial, a leading online lender to small businesses, wishes to provide further details regarding its previously announced private placement for gross proceeds of $3,118,000. As previously announced on …

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