Business & Finance
Business and Finance
Business and Finance
Wed, March 13, 2013
Tue, March 12, 2013 Difference Capital Obtains Receipt for Prospectus Qualifying Distribution of Units Underlying Previously Issued Special Warrant
March 12, 2013 13:17 ET
Difference Capital Obtains Receipt for Prospectus Qualifying Distribution of Units Underlying Previously Issued Special Warrants
TORONTO, ONTARIO--(Marketwire - March 12, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Difference Capital Funding Inc. ("DCF") (TSX VENTURE:DCF) today announced that it has obtained a receipt ("Receipt") from the Ontario Securities Commission for its final short form prospectus (the "Prospectus") filed in each of the Provinces of Canada, other than Québec. The Prospectus qualifies the distribution of 39,810,696 units of DCF ("Units") issuable upon the exercise of 39,810,696 special warrants ("Special Warrants") previously issued by DCF. Upon exercise, each Special Warrant entitles the holder thereof to receive, for no additional consideration, one Unit. Each Unit is comprised of one common share of DCF ("Common Share") and one-half of one Common Share purchase warrant. Each whole warrant ("Warrant") entitles the holder to purchase one common share of DCF at an exercise price of $0.60 until October 3, 2014.
DCF is in the process of issuing the underlying Units to the holders of Special Warrants. Following the exercise of the Special Warrants, DCF will have 273,177,138 Common Shares issued and outstanding and 77,174,864 Warrants.
A copy of the Prospectus and Receipt are available on SEDAR under DCF's profile at [ www.sedar.com ]
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 ].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.
