From the Wires
Michael Wekerle Acquires Securities of Difference Capital Funding Inc.
By: Marketwire .
Nov. 23, 2012 11:27 AM
TORONTO, ONTARIO -- (Marketwire) -- 11/23/12 -- Michael Wekerle, directly or indirectly, has acquired on November 19, 2012 by private placement, 5,428,571 special warrants of Difference Capital Funding Inc. (TSX VENTURE:DCF) ("Difference Capital") at a price of CDN$0.35 per special warrant.
Each Special Warrant is exercisable into a unit comprised of one common share and one-half of one common share purchase warrant.
As a result of this acquisition, Mr. Wekerle now owns, directly and indirectly, 56,557,591 common shares on a fully diluted basis, representing approximately 19.88% of the total outstanding shares of Difference Capital.
Mr. Wekerle acquired the special warrants 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 Difference Capital 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.
The parties relied on the accredited investor exemption available under section 2.3 of National Instrument 45-106 - Prospectus Exempt Distributions.
Mr. Wekerle's office is located at 130 King Street West, Suite 2950, P.O. Box 361, Toronto, Ontario M5X 1C7.
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