Montfort Capital Completes 100% Acquisition of Langhaus Financial Partners

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[{"type":"text","content":"\n \n \n \n Montfort Capital Completes 100% Acquisition of Langhaus Financial Partners\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ~Langhaus' strong performance and growth drive acquisition completion~\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 27, 2024\n \n \n /CNW/ -\n \n Montfort Capital Corp. (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, is pleased to announce the completion of the previously announced acquisition of the remaining 21.98% ownership interest (the \"\n \n Minority Interest\n \n \") of Langhaus Financial Partners Inc. (\"\n \n Langhaus\n \n \"), a subsidiary of the Company. As disclosed in its press release dated\n \n March 19, 2024\n \n , Langhaus achieved its financial target for assets under management (\"\n \n AUM\n \n \"), allowing the Company to acquire the Minority Interest under a call option in the Langhaus amended and restated shareholders' agreement dated\n \n October 2, 2022\n \n (the \"\n \n SHA\n \n \").\n \n \n \n \n \n \n \n \n \n \n Montfort\n \n acquired the Minority Interest through the issuance of 5,276,327 common shares in the capital of the Company (the \"\n \n Consideration Shares\n \n \"). Under the terms of the SHA,\n \n Montfort\n \n acquired the remaining 2,931 common shares in Langhaus (the \"\n \n Langhaus Shares\n \n \") in exchange for the issuance of the Consideration Shares at a deemed price of\n \n $0.50\n \n per share for an aggregate value of\n \n $2,638,163.50\n \n . All Consideration Shares issued to acquire the Minority Interest will be subject to a four-month restricted period.\n \n \n \n Related Party Participation\n \n \n \n One of the shareholders that sold their Langhaus Shares to\n \n Montfort\n \n under the SHA, Godsoe Financial Capital Limited (\"\n \n GFC\n \n \"), is considered a \"related party transaction\" within the meaning of Multilateral Instrument 61-101\n \n Protection of...

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