S.i. Systems

S.i. Systems is the 5th largest Canadian supplier of contract I.T. professionals.  A client since 2006, Tallinn Capital has provided subordinated debt funds several times for working capital and acquisitions. Each loan has been repaid from an increased senior bank loan, which became available upon the increased cash flow of this growing company. Tallinn's most recent loan assisted in the synergistic acquisition of a Toronto competitor, which significantly increased S.i. Systems' presence in that city. Henry Dethmers is on the Board of Directors.

Invicta Energy

Invicta Energy Corp. is a publically traded oil & gas company. Tallinn Capital's initial bridge loan was used to assist in the develpment of its oil producing properties in Saskatchewan. By utilizing Tallinn's capital instead of issuing common shares to pay for its development program, Invicta avoided equity dilution. Tallinn's loan facility had built-in flexibility that permitted Invicta to utilize further advances to fund its growth program.

4 Refuel

Tallinn provided subordinated debt and minority equity over six years in several transactions to this established franchisor, which delivers on-site diesel refueling and fuel management services across Canada. Tallinn's funding was used to buy-out a foreign minority partner, to add working capital to accommodate sales growth, and to buy the Canadian and International rights. Tallinn was repaid upon the sale of 50% of the company to a leading Canadian private equity group. Henry Dethmers has remained on the Board of Directors subsequent to the sale and repayment of Tallinn's loans.

Exall Energy

Tallinn Capital's bridge loan was used to assist in the construction of processing facilities and the tie-in of oil wells. A publically traded junior oil & gas company on the TSX, Exall avoided significant dilution by utilizing Tallinn's loan instead of issuing further common shares. Exall's share price rose significantly as a result of the successful construction program, upon which Exall repaid the bridge loan from an increased senior bank loan.

Jung Developments

Jung Developments was in CCAA protection during the development of two high rise residential towers in Surrey, BC. Tallinn Capital provided funds to pay for the maintenance of the site and for professional fees to allow for an orderly sale. Repayment of the DIP loan was from the sale of the property.

Persta Resources

A private junior oil & gas company in Calgary, Persta required funds to complete the drilling of two oil wells. Tallinn's bridge loan provided the required funding without dilution to the shareholders. Cash flow increased significantly from the successful wells. Tallinn's bridge loan was repaid from a new senior bank loan.

Kirmac Collision

Tallinn Capital provided subordinated financing in several transactions over a four year period. This debt capital assisted Kirmac to acquire a chain of collision repair stores in the US and to grow rapidly, nearly tripling its sales. Tallinn was repaid from a low rate conventional financing source. The relationship with the company has remained strong since then and in 2011 Ron joined the company's Board of Advisors.

Fairwest Energy

Fairwest Energy is an oil and gas company engaged in the exploration, acquisition, development and production of natural oil and gas reserves in Alberta and Saskatchewan.  Debt financing in several transactions was provided by Tallinn to LP structures of Fairwest to provide general working capital.

Greyhawke Resources

Greyhawke Resources is an oil and gas company based in Calgary, Alberta.  A $20 million bridge loan was provided to assist in the acquisition of oil and gas properties, subordinated to senior bank financing.  This permitted the completion of a $90 million transaction.  Repayment of Tallinn's bridge loan occurred in the merger of Greyhawke with another junior oil and gas company.

Northpoint Energy

Northpoint Energy Ltd. is a private oil and gas exploration and production company whose mandate is to explore for and develop conventional oil and natural gas reserves in the Western Canadian Sedimentary Basin.  Tallinn's bridge loan of subordinated debt funded drilling to increase existing production.