TORONTO,
July 2, 2018 /CNW/
- Dealnet Capital Corp. ("Dealnet" or the "Company") (TSXV:
DLS),announces that its Board of Directors has authorized the
creation of a series of preferred shares (the "Series A Preferred
Shares") and issued 10,662 Series A Preferred Shares, at a price of
$25 per
share.
The Series A Preferred Shares are non-voting,
non-convertible, non-retractable but redeemable at the Company's
option (with mandatory redemption upon certain events within the
Company's control), and carry a cumulative dividend of 5%, payable
quarterly.
About Dealnet Capital Corp.
Dealnet is a specialty finance company servicing the
$20 billion home improvement finance
market through both dealer-based and direct homeowner-based
originations of secured finance assets (equipment leases and
loans). The company earns net finance income over the term of these
assets and from fee income derived from the transaction support
services that it provides to its dealer network. The Company also
uses its engagement platform to provide customer support services
on a contract basis to third-party institutions.
For additional information please visit
www.sedar.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Dealnet Capital Corp.