Newpoint Financial Group Announces Completion Of Investment In Novea Inc. - Jacana Warranty

LOS ANGELES, CA / March 2, 2022 / NFG SARL ("NFG"), a global diversified investment holding company focused on insurance and finance announced today that it has completed all closing conditions in connection with its investment in Novea, Inc. ("Novea"). The financing, which was made through NFG's U.S. subsidiary, Newpoint Financial Corp., consisted of a $50 million equity investment in exchange for a combination of Novea preferred shares and 10% of the outstanding Novea common stock