Difference Capital Financial Inc. Acquires Additional Shares in Lignol Energy Corporation
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 08/09/13 -- Difference Capital Financial Inc. (TSX VENTURE: DCF) ("DCF") has acquired an additional stake in Lignol Energy Corporation ("Lignol"), a leading technology company in the advanced biofuels and renewable chemicals sector.
On August 8, 2013, DCF purchased, through the TSX Venture Exchange, 5,500,000 common shares ("Lignol Shares") of Lignol in a single transaction at a price of $0.13 per Lignol Share (the "Transaction"). The Lignol Shares acquired by DCF represent an aggregate of approximately 3.6% of the current issued and outstanding Lignol Shares. DCF relied upon the exemption under Section 100.1 of the Ontario Securities Act to make this purchase.
Immediately following the completion of the Transaction, DCF owned and controlled 57,998,001 Lignol Shares on a fully diluted basis, representing approximately 33.9% of the total outstanding Lignol Shares on a partially diluted basis assuming the exercise of only DCF's securities.
The Transaction was made through the facilities of the TSX Venture Exchange. DCF acquired the Lignol Shares for investment purposes only. However, DCF 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 Lignol Shares or other securities of Lignol 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.
DCF's head office is located at 130 King Street West, Suite 2950, Toronto, Ontario M5X 1C7.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.
Contacts:
Difference Capital Financial Inc.
Neil Johnson
Chief Executive Officer
416 649 5088
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Datum: 09.08.2013 - 12:59 Uhr
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News-ID 286393
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