Difference Capital Financial Inc Announces Financings
Difference Capital Funding Inc announced that it has filed a preliminary short form prospectus with the securities regulatory authorities in all provinces of Canada, except Quebec, in connection with an overnight-marketed public offering (the Debenture Offering) of convertible unsecured subordinated debentures (the Debentures) of DCF. DCF also announced that it has filed a preliminary short form prospectus with the securities regulatory authorities in all provinces of Canada, except Quebec, in connection with an offering of up to $50,000,000 of common shares of DCF (the Common Shares) to be effected at a price per Common Share to be determined in the context of the market on a commercially reasonable efforts agency basis (the Share Offering and, together with the Debenture Offering, the Offerings). The Offerings are being made through a syndicate of dealers bookrun by National Bank Financial Inc. (NBF) as lead agent for the Share Offering and lead underwriter for the Debenture Offering together with a syndicate consisting of Canaccord Genuity Corp., TD Securities Inc., Dundee Securities Ltd., GMP Securities L.P., Byron Capital Markets Ltd. and Global Securities Corporation. The net proceeds of the Offerings will be used by DCF to pay certain indebtedness, for general corporate purposes and to make strategic investments in debt and equity securities in both privately held and public target companies, with a focus on technology-related and intellectual property-rich companies.
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