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Mogo Finance Technology and Difference Capital Announce Completion of Business Combination and Formation of Mogo Inc.
Mogo Finance Technology and Difference Capital Announce Completion of Business Combination...
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[{"type":"text","content":"\n\n\n\nMogo Finance Technology and Difference Capital Announce Completion of Business Combination and Formation of Mogo Inc.\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\nVANCOUVER, June 21, 2019\n\n\n\nVANCOUVER, June 21, 2019 /CNW/ - Mogo Finance Technology Inc. (TSX:MOGO) (NASDAQ: MOGO) (\"Mogo\") and Difference Capital Financial Inc. (now \"Mogo Inc.\") (TSX: DCF) (\"Difference\" or, following the Arrangement (as defined below), the \"Combined Entity\") are pleased to announce the completion of Mogo's previously announced arrangement (the \"Arrangement\") under the Business Corporations Act (British Columbia) (\"BCBCA\"), pursuant to which Mogo combined its business with the business of Difference. The Arrangement became effective at 12:01 a.m. (PST) on June 21, 2019 (the \"Effective Time\").  Prior to the consummation of the Arrangement, Difference completed the Continuance (as defined below) and changed its name to \"Mogo Inc.\".\n\"We are excited to finalize this transaction, which provides the company with additional resources to continue executing on our vision,\" said David Feller, Mogo's Founder and CEO. \"Banking is changing, and the future will be dominated by a mobile-first app that makes it easy for consumers to be financially fit.  Our team is focused on building out new products and new features to ensure Mogo remains the leader in this rapidly evolving landscape.\"\n\"The completion of the Arrangement will strengthen our financial position and represents a significant opportunity to build on our leadership in the Canadian fintech space and create value for shareholders of Mogo Inc.,\" added Greg Feller, Mogo's President and CFO. \"The overwhelming support for this transaction from Difference shareholders underscores the long-term growth potential of Mogo.\" \nUnder the Arrangement, Mogo was amalgamated with a wholly-owned subsidiary of Difference and each Mogo common share (a \"Mogo Share\") outstanding immediately prior to the Arrangement, other than Mogo Shares held by Difference, was exchanged for one common share...