Dominion Lending Centres Inc. Announces Closing of $59.15 million Secondary Private Placement Offering of Class A Common Shares

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[{"type":"text","content":"Dominion Lending Centres Inc. Announces Closing of $59.15 million Secondary Private Placement Offering of Class A Common Shares\n\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.\n \n\n\n\n VANCOUVER, British Columbia, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”), 2215 Coquitlam Avenue, Port Coquitlam, British Columbia V3B 1J6, along with Mauris Family Investments Inc. (an entity controlled by Gary Mauris), and 603908 B.C. Ltd. (an entity controlled by Chris Kayat and family), announced today that they have closed the previously announced sale of 7,782,400 class “A” common shares (the “Offered Shares”) by the Selling Shareholders (as defined below) at a price of $7.60 per Offered Share for gross proceeds to the Selling Shareholders of approximately $59.15 million (the “Offering”), less the commission paid to the Agents (as defined below) of $2,365,849.60 (or $0.304 per Offered Share), on a “best efforts” agency private placement basis. DLCG did not receive any proceeds from the Offering. Mauris Family Investments Ltd. (“MaurisCo”) and 603908 B.C. Ltd. (“KayatCo”) are collectively referred to herein as the “Selling Shareholders”.\n \n\n The Offering was completed pursuant to an agency agreement (the “\n \n Agency Agreement\n \n ”) dated February 28, 2025 between the Corporation, MaurisCo, KayatCo, Desjardins Capital Markets (“\n \n Desjardins\n \n ”), Cormark Securities Inc. (“\n \n Cormark\n \n ”) and Acumen Capital Finance Partners Limited (“\n \n Acumen\n \n ”, and together with Desjardins and Cormark, the “\n \n Agents\n \n ”) and the Share Purchase Agreements (as defined below). Share purchase agreements were entered into between each purchaser or beneficial purchaser, as the case may be, of the Offered Shares pursuant to the Offering (each a “\n \n Purchaser\n \n ”), the Agents, the Corporation, MaurisCo and KayatCo in respect of such Purchaser’s purchase of a portion of the Offered Shares (the “\n \n Sha...

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