TORONTO, ONTARIO--(Marketwired - Dec. 12, 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 12, 2013, Michael Wekerle purchased, through the Toronto Stock Exchange (the "TSX"), 250,000 common shares ("DCF Shares") of DCF in a single transaction at a price of $2.50 per DCF Share (the "Transaction"). The DCF Shares acquired by Michael Wekerle represent an aggregate of approximately 0.6% 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 11,175,320 DCF Shares on a fully diluted basis, representing approximately 26.2% of the total outstanding DCF Shares on a partially diluted basis.
The Transaction was made through the facilities of the TSX. Michael Wekerle acquired the DCF Shares for investment purposes only. However, Michael Wekerle may in the future take such actions in respect of its holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional DCF Shares or other securities of DCF through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.
Michael Wekerle'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.