Brief: FCF Capital to acquire majority interest in Dominion Lending Centres

Dominion Lending Centres

13/05/2016 14:15

May 13 (Reuters) - FCF Capital Inc  FCF.V  
    * FCF Capital Inc signs purchase agreement to acquire a 
majority interest in Dominion Lending Centres 
    * Deal for $74 million 
    * Deal to acquire a 60 pct majority interest in dominion 
lending centres group of companies 
    * Deal consideration to be satisfied by issuance of 71.4 
million class a shares  at $0.175 per FCF share and a cash 
payment of $61.5 million 
    * Cash portion of purchase price will be funded by fcf's 
cash on hand, net proceeds from previous offering of 
subscription receipts 
    * Cash portion of purchase price to also be funded by FCF's 
$20 million demand loan facility provided by bridging finance 
 
Source text for Eikon:  ID:nCCN2QrY9S  
Further company coverage:  FCF.V  
 
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