Further details regarding the Acquisition and the Reorganization are set out below. Cocciollo will be responsible for DLC mortgage origination operations.
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Belkorp holds an aggregate of 12, Common Shares As ly announced, the Corporation obtained shareholder approval for the Acquisition and the Reorganization on December 15, As such, the Club16 principals will now have two 2 board representatives and the Corporation will now have two 2 board representatives. The proceeds from the Private Placement were paid to the holders of the Preferred Shares to fund cash portion of the Inversion Right Termination Transaction discussed below.
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About Dominion Lending Centres Inc. Burpee will be responsible for public company and non-core asset financial management while Mr.
The Preferred Shares are non-voting and non-convertible into Common Shares, will not be listed on any exchange, and will provide the Preferred Shareholders mcmurrwy similar economic and legal entitlements as the acquired units of DLC LP. Bell will be responsible for public company operations and management of non-core assets while Mr. Thank you.
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As such, the Impact principal will now have one 1 board representative and the Mcmurrray will now have one 1 board representative. In consideration for the Extension Option, the Corporation agreed to extend the expiry date of the 2, lender warrants held by Sagard esdorts an additional year the new lender warrant expiry date will be June 14, The actual of Preferred Shares is an arbitrary for administrative convenience as the Preferred Shares have fixed entitlements and are not convertible into Common Shares.
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Hague will be responsible for financial management of the mortgage origination operations. Belkorp Industries Inc.
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