Brief: Founders Advantage Enters Agreement To Acquire 100% Of Dominion Lending Centres

Dominion Lending Centres

05/10/2020 23:14

Oct 5 (Reuters) - Founders Advantage Capital Corp  FCF.V :
    * FOUNDERS ADVANTAGE ENTERS INTO ACQUISITION AGREEMENT TO
ACQUIRE
100% OF DOMINION LENDING CENTRES; ANNOUNCES PROPOSED NAME CHANGE
AND CORPORATE REORGANIZATION
    * FOUNDERS ADVANTAGE CAPITAL CORP - ENTERED DEAL WITH
KAYMAUR TO
ACQUIRE ALL LIMITED PARTNERSHIP UNITS OF DOMINION LENDING
CENTRES LIMITED PARTNERSHIP
    * FOUNDERS ADVANTAGE CAPITAL CORP - UPON COMPLETION OF DEAL,
CO
INTENDS TO WIND-UP DLC LP, AMALGAMATE WITH DOMINION LENDING
CENTRES INC
    * FOUNDERS ADVANTAGE CAPITAL CORP - AFTER DEAL, CO INTENDS
TO
CHANGE NAME OF CORPORATION TO DOMINION LENDING CENTRES INC
    * FOUNDERS ADVANTAGE CAPITAL CORP - WILL ACQUIRE FULL
OWNERSHIP OF
DLC LP IN EXCHANGE FOR 26.8 MILLION PREFERRED SHARES
    * FOUNDERS ADVANTAGE CAPITAL CORP - GARY MAURIS WILL BECOME
CEO
AND EXECUTIVE CHAIRMAN OF CORPORATION
    * FOUNDERS ADVANTAGE CAPITAL CORP -  ROBIN BURPEE AND GEOFF
HAGUE
WILL EACH BE APPOINTED CO-CFO OF CORPORATION

Source text for Eikon:  ID:nGNXbkkY5j 
Further company coverage:  FCF.V 

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