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BRIEF-FCF Capital to acquire majority interest in Dominion Lending Centres

Published 2016-05-13, 09:27 a/m
© Reuters.  BRIEF-FCF Capital to acquire majority interest in Dominion Lending Centres
DLCG
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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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