TORONTO, ONTARIO--(Marketwired - Jul 5, 2013) - Pursuant to a prospectus offering of $50,000,000 principal amount of 8.00% Convertible Unsecured Subordinated Debentures of Difference Capital Financial Inc. ("DCF") due July 31, 2018 (the "Debentures"), Michael Wekerle has acquired on July 4, 2013 direct ownership and control over Debentures having an aggregate principal amount of $10,750,000.
As a result of this acquisition, Mr. Wekerle now owns, directly and indirectly, 8,525,321 common shares on a fully diluted basis, representing approximately 27.9% of the total outstanding shares of DCF on a partially diluted basis assuming the exercise or conversion, as applicable, of only Mr. Wekerle's securities.
Mr. Wekerle acquired the Debentures for investment purposes. Mr. Wekerle may in the future take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional securities of DCF through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.
Mr. Wekerle's office is located at 130 King Street West, Suite 2950, P.O. Box 361, Toronto, Ontario, M5X 1C7.