June 6 (Reuters) - Canaccord Genuity Group Inc CF.TO :
* . ANNOUNCES A PROPOSED INCREASE IN OWNERSHIP OF ITS AUSTRALIAN BUSINESS
* CANACCORD GENUITY GROUP- TRANSACTION HAS BEEN SOUGHT BY BOTH PARTIES AND WILL INCREASE CO'S OWNERSHIP IN CANACCORD GENUITY (AUSTRALIA) TO 80% FROM 50%
* CANACCORD- CONSIDERATION FOR PURCHASE WILL BE A$36 MILLION COMPRISING A$15 MILLION CASH, A$6.0 MILLION NOTE PAYABLE, ISSUANCE OF ABOUT 2.3 MILLION CO SHARES WORTH A$15 MILLION
* CANACCORD GENUITY - ENTERED NON-BINDING LETTER OF INTENT TO ACQUIRE ADDITIONAL 30% OF SHARES IN ITS AUSTRALIAN CAPITAL MARKETS AND WEALTH MANAGEMENT BUSINESS