Difference Capital Financial Inc Acquires Additional Shares In Lignol Energy Corporation
Difference Capital Financial Inc announced that it has acquired an additional stake in Lignol Energy Corporation, a technology company in the advanced biofuels and renewable chemicals sector. On August 8, 2013, DCF purchased, through the TSX Venture Exchange, 5,500,000 common shares of Lignol in a single transaction at a price of $0.13 per Lignol Share. The Lignol Shares acquired by DCF represent an aggregate of approximately 3.6% of the current issued and outstanding Lignol Shares. Immediately following the completion of the Transaction, DCF owned and controlled 57,998,001 Lignol Shares on a fully diluted basis, representing approximately 33.9% of the total outstanding Lignol Shares on a partially diluted basis assuming the exercise of only DCF's securities.
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