TORONTO, ONTARIO--(Marketwired - Aug. 27, 2014) - Difference Capital Financial Inc. ("DCF" or the "Company") (TSX:DCF)(TSX:DCF.DB) announced that pursuant to its normal course issuer bid (the "NCIB"), it has purchased for cancellation $4.0 million principal amount of its outstanding convertible debentures, representing approximately 7.2% of its convertible debentures outstanding at August 25, 2014, in reliance on the block purchase exemption contained in applicable Toronto Stock Exchange rules for an aggregate purchase price of approximately $3.2 million.
The convertible debentures repurchased through the block purchase exemption will be included in calculating the maximum number of convertible debentures that DCF may purchase through its NCIB, which commenced on December 5, 2013 and was subsequently amended with an effective date of August 20, 2014. Since the commencement of the NCIB, DCF has repurchased an aggregate of $4,240,000 principal amount of its outstanding convertible debentures.
About Difference Capital Financial Inc.
Difference Capital Financial Inc. invests in and advises growth companies. We leverage our capital markets expertise to help unlock the value in technology, media and healthcare companies as they approach important milestones in their business lifecycle. Difference Capital Financial Inc. is traded under the Toronto Stock Exchange under the symbol "DCF".