TORONTO, ONTARIO--(Marketwired - Dec. 30, 2013) - Michael Wekerle, Executive Chairman of Difference Capital Financial Inc. (TSX:DCF)(TSX:DCF.DB) ("DCF"), has acquired an additional stake in DCF, a leading Canadian specialty financial services company.
On December 30, 2013, Michael Wekerle purchased 200,000 common shares ("DCF Shares") of DCF in a single transaction at a price of $2.65 per DCF Share (the "Transaction"). The DCF Shares acquired by Michael Wekerle represent an aggregate of approximately 0.5% of the current issued and outstanding DCF Shares. Michael Wekerle relied upon the exemption under Section 100.1 of the Ontario Securities Act to make this purchase.
Immediately following the completion of the Transaction, Michael Wekerle owned and controlled 11,375,321 DCF Shares on a fully diluted basis, representing approximately 26.7% of the total outstanding DCF Shares on a partially diluted basis.
DCF's head office is located at 130 King Street West, Suite 2950, Toronto, Ontario M5X 1C7.
The TSX does not accept responsibility for the adequacy or accuracy of this release.
About Difference Capital Financial Inc.
Difference Capital Financial Inc. is a publicly-listed, Toronto-based specialty finance company focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as through opportunistic investments in undervalued financial assets and real property.
This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties beyond the control of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.