

Target Capital signs LOI to purchase Loans for Less Inc.
CALGARY, Feb. 3 /CNW/ - Target Capital Inc. (TSX-V:TCI) announces it has signed a Letter of Intent to purchase 73% of the issued and outstanding shares of Loans for Less Inc., a private Ontario corporation, for $200,000 cash. Loans for Less Inc. is an innovative entrant into the payday loan industry that offers its services through remote kiosks, providing borrowers with lower costs, and a level of convenience and privacy not available at transitional storefront locations. Closing of the acquisition is subject to several conditions, including the negotiation of a formal share purchase agreement, a satisfactory due diligence review by the buyer and seller and the execution of all required agreements.
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