Business & Finance
Business and Finance
Business and Finance
Wed, March 6, 2013
Tue, March 5, 2013 Difference Capital Announces Acquisition of Common Shares of Espial Group Inc.
March 05, 2013 16:45 ET
Difference Capital Announces Acquisition of Common Shares of Espial Group Inc.
TORONTO, ONTARIO--(Marketwire - March 5, 2013) - Difference Capital Funding Inc. (TSX VENTURE:DCF) ("DCF") reports that on March 4, 2013, it acquired 650,000 common shares ("Shares") of Espial Group Inc. (the "Issuer"), at a price of $0.85 per Share, representing approximately 4.62% of the total issued and outstanding Shares of the Issuer. DCF has aggregate ownership of 1,613,300 Shares, representing 11.48% of the outstanding Shares.
Michael Wekerle ("Wekerle"), an associate of DCF, acquired 700,000 Shares of the Issuer on March 4, 2013 at a price of $0.85 per Share, representing approximately 4.98% of the total issued and outstanding Shares of the Issuer. Wekerle has aggregate ownership of 1,000,900 Shares, representing 7.12% of the outstanding Shares.
Pursuant to applicable securities laws, DCF and Wekerle are presumed to be acting jointly or in concert with regard to their respective ownership of Shares of the Issuer. Together they have ownership and control over 2,611,700 Shares, representing approximately 18.60% of the outstanding Shares.
DCF and Wekerle acquired the Shares for investment purposes only. DCF and/or Wekerle may in the future take such actions in respect of their respective holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional Shares or other securities of the Issuer through open market purchases or privately negotiated transactions, or the sale of all or a portion of his 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.
About Difference Capital
Difference Capital Funding Inc. is a publicly listed merchant bank focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology and media sectors, as well as opportunistic investments in undervalued financial assets and real property.
For further information on DCF, its management, board and portfolio of investee companies, please visit [ www.differencecapital.com ].
About Espial
Espial Group Inc. is a developer and marketer of software solutions that enable the delivery of Internet Protocol Television.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
