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LGC Capital Announces Agreement with OCI Inc. for Strategic Advice
LGC Capital Announces Agreement with OCI Inc. for Strategic Advice Canada NewsWire...
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[{"type":"text","content":"\n\n\n\nLGC Capital Announces Agreement with OCI Inc. for Strategic Advice\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Jan. 26, 2018\n\n\n\nLGC Capital Ltd.Symbol: TSX-V: LG\n\n\n\nMONTREAL, Jan. 26, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) (\"LGC\") is pleased to confirm that it entered into an agreement with OCI Inc. of Toronto, Ontario in June 2017 whereby OCI provides advice to LGC on strategic alternatives and assists LGC in the execution of its strategic plan for certain international markets.\n\nThe agreement provides for partial payment by LGC of OCI's monthly advisory fee in shares.  In that regard, for the five months from July to November 2017, inclusively, LGC will pay an aggregate amount of $40,000 to OCI through an issuance of 94,339 shares at a deemed issue price of $0.424 per share, representing the closing price of LGC's shares on the TSX Venture Exchange (\"TSXV\") today ($0.53), less a 20% discount permitted by the TSXV.  For December 2017, LGC will issue 21,333 shares in payment of $8,000 of OCI's monthly fee at a deemed price of $0.375 per share, representing the closing price of LGC's shares on the last trading day of December ($0.50) less a 25% discount.  For January 2018 and future months, LGC will issue shares in payment of $8,000 of OCI's monthly fee at a deemed price equal to the last closing price of LGC's shares for the month on the TSXV, less the applicable maximum discount permitted by the TSXV.  In compliance with the policies of the TSXV, LGC will issue a press release announcing each share issuance to OCI.  The various share issuances are subject to regulatory approval, including that of the TSXV.\n\nAbout LGC (http://www.lgc-capital.com)\n\nLGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC's objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services.\n\nFORWARD-LOOKING STATEMENTSThis...