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BRIEF-Founders Advantage Enters Agreement To Acquire 100% Of Dominion Lending Centres

Published 2020-10-05, 06:14 p/m
© Reuters.

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

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