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| Home : Difference Capital Announces Substantial Issuer Bid for Up to $12 Million of Its Outstanding Convertible Debentures |
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Aug 20
2015 |
Difference Capital Announces Substantial Issuer Bid for Up to $12 Million of Its Outstanding Convertible Debentures |
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TORONTO, ONTARIO--(Marketwired - Aug. 19, 2015) - Difference Capital Financial Inc. ("DCF" or the "Company") (TSX:DCF)(TSX:DCF.DB) announces today that its board of directors has approved the commencement of a substantial issuer bid (the "Offer") pursuant to which the Company will offer to purchase for cancellation from holders (the "Debentureholders") of the outstanding 8.0% convertible unsecured subordinated debentures of the Company due July 31, 2018 (the "Debentures") up to $12,000,000 aggregate principal amount of the issued and outstanding Debentures at a purchase price of $850 per $1,000 principal amount of Debentures (the "Purchase Price"). On August 18, 2015, the closing price of the Debentures on the TSX was $800 per $1,000 principal amount of Debentures. DCF currently has $47,598,000 aggregate principal amount of Debentures issued and outstanding. |
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| Source:http://www.marketwired.com/mw/release.do?id=2049041&sourceType=3 |
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