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Dominion Lending Centres, Inc. (Canada) Class A ( (TSE:DLCG) ) just unveiled an update.
Dominion Lending Centres Inc. announced a $59.15 million secondary private placement of Class A common shares. The offering, involving Mauris Family Investments Inc. and 603908 BC Ltd., will not result in proceeds for DLCG but aims to make room for new institutional shareholders. After the offering, the selling shareholders, MaurisCo and KayatCo, will retain significant ownership, holding more than 50% of the outstanding shares collectively. This strategic move is part of the company’s efforts to welcome new partners and strengthen its market position.
More about Dominion Lending Centres, Inc. (Canada) Class A
Dominion Lending Centres Inc. is a Canadian company operating in the financial industry, primarily focusing on providing mortgage brokerage services. The company is known for building strong partnerships with owners, brokers, lenders, and employees, emphasizing long-term growth and commitment.
YTD Price Performance: -0.77%
Average Trading Volume: 89,248
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$651.4M
Learn more about DLCG stock on TipRanks’ Stock Analysis page.
