Dominion Lending Centres Inc. Implements Normal Course Issuer Bid
13 Enero 2021 - 3:15PM
Dominion Lending Centres Inc. (TSXV: DLCG) announces that it has
obtained approval from the TSX Venture Exchange (the “Exchange”)
for a normal course issuer bid through the facilities of the
Exchange. The normal course issued bid will be for a 12 month
duration, commencing on January 18, 2021 and ending on January 17,
2022.
Pursuant to the notice of intention filed with the
Exchange, the Corporation intends to purchase for cancellation,
through the facilities of the Exchange and at the market price of
the Corporation’s common shares (“Common Shares”) at the time of
purchase, up to 2,332,697 Common Shares, representing 5% of the
Corporation’s issued and outstanding Common Shares. The member who
will conduct the normal course issuer bid on behalf of the
Corporation is Desjardins Securities Inc. (“Desjardins”). The
actual number of Common Shares that may be purchased and the timing
of any such purchases will be determined by the Corporation and
will be made in accordance with the requirements of the Exchange.
Purchases of Common Shares under the normal course issuer bid will
be completed using available working capital from time to time.
Management of the Corporation is of the view that,
from time to time, it is in the best interests of all shareholders
that Common Shares be acquired by the Corporation and returned to
treasury, thus increasing the Corporation’s value per Common Share
for remaining shareholders.
About Dominion Lending Centres
Inc.
DLC group of companies is Canada’s leading and
largest mortgage brokerage with over $40 billion in funded
mortgages in 2019. DLC group of companies operates through four
main subsidiaries, Dominion Lending Centres, Mortgage Centre
Canada, Mortgage Architects and Newton Connectivity Systems and has
operations in all 13 provinces and territories. DLC group of
companies’ extensive network includes ~6,000 agents and 515
locations. Headquartered in British Columbia, DLC group of
companies was founded in 2006 by Gary Mauris and Chris Kayat.
Contact information for the Corporation is as
follows:
James BellCo-President403-560-0821jbell@dlcg.ca |
Robin BurpeeCo-Chief Financial
Officer403-455-9670rburpee@dlcg.ca |
Amar LeekhaSr. Vice-President, Capital
Markets403-455-6671aleekha@dlcg.ca |
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 RELEASE.
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