Brief: Dominion Lending Centres Enters Agreement To Acquire Remaining 30% Of Newton Connectivity Systems

Dominion Lending Centres

16/02/2022 24:34

Feb 15 (Reuters) - Dominion Lending Centres Inc  DLCG.TO :
    * ENTERS AGREEMENT TO ACQUIRE REMAINING 30% OF NEWTON
CONNECTIVITY
SYSTEMS
    * AGREEMENT FOR AN AGGREGATE PURCHASE PRICE OF $24 MILLION
    * TO FUND ACQUISITION, EXPECTS TO ENTER INTO AMENDING
AGREEMENT
WITH TD BANK,TO INCREASE ITS ACQUISITION CREDIT LINE BY $24
MILLION
    * PURCHASE PRICE COMPRISES OF CASH PAYMENT OF $16.9 MILLION,
ISSUANCE OF 1,853,247 COMMON SHARES OF CORPORATION AT $3.85 PER
SHARE

Source text for Eikon:  ID:nGNX2Rdz5J 
Further company coverage:  DLCG.TO 

 ((Reuters.Briefs@thomsonreuters.com;))