TORONTO, ONTARIO -- (Marketwire) -- 03/06/13 -- Difference Capital Funding Inc. (TSX VENTURE: DCF) ("DCF") is pleased to provide a general update on recent strategic investments.
DCF has invested $1 million (1,000 units) in Amaya Gaming Group Inc. ("Amaya"). Each Amaya Unit consists of a $1,000 principal amount unsecured subordinated debenture paying interest at a rate of 7.5% per annum and 48,000 non-transferable common share purchase warrants (each an "Amaya Warrant"). Each Amaya Warrant shall entitle DCF to purchase one common share in the capital of Amaya (each an "Amaya Share") at any time prior to January 31, 2016 at an exercise price of $6.25 per Amaya Share.
DCF is also pleased to announce that it has become a shareholder of Parta Dialogue Inc. ("Parta") by purchasing 6 million shares on the secondary market, acquiring a 9.47% stake in the company. The Parta investment increases DCF's participation in the social media industry.
DCF has added to its portfolio of US real estate assets. As of December 31, 2012, DCF had invested approximately US$10.5 million in U.S. real estate. Since then, DCF has invested an additional amount of US$2.5 million for a total investment of approximately US$13.0 million in U.S. real estate assets in order to take advantage of the recovering U.S. residential real estate market.
About Difference Capital Funding Inc.
Difference Capital Funding Inc. is a publicly listed merchant bank focused on creating shareholder value through strategic investments in, and advisory services for, growth companies and opportunistic investments in undervalued financial assets and real property.
For further information on DCF, its management, board and portfolio of investee companies, please visit www.differencecapital.com.
About Amaya Gaming Group Inc.
Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, and Asia, Amaya is an innovator in the gaming world. Headquartered in Montreal, Canada, Amaya provides a host of services and solutions that range from: online and mobile gaming casino games, poker games and platforms, traditional and mobile lotteries, networked electronic gaming systems, hospitality in-room entertainment systems, management systems, content suites, advisory and management services, and integrity monitoring and auditing systems for the regulated gaming markets. For more information on Amaya please visit www.amayagaming.com or www.amayaonline.com.
About Parta Dialogue Inc.
Parta Dialogue is an up and coming leader in Social Media Optimization and Social Learning for organizations at the forefront of digital strategy. The Company's clients include some of the largest and some of the smallest (but hippest) companies in the world, and the list is growing. Parta is aggressively investing in technology - eValue Social Marketing Suite www.evaluesuite.com - and acquisitions to become a social marketing one stop shop for its international blue chip clients. Many visionary businesses already employ Parta's solutions for internal and external online engagement. Among these are Proctor and Gamble, Nestle, Durex, Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote. PARTA is listed on the TSX Venture Exchange under the symbol PAD. For more information on Parta please visit www.partadialogue.com.
This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release and the anticipated growth of the DCF business may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding achieving investment objectives, economic factors and the equity markets generally and many other factors beyond the control of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither 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.
Difference Capital Funding Inc.
Chief Executive Officer
416 649 5088
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- The Hip New Career? Farming
- McDonald's Names Another U.S. President
- Student Startup Develops Date-rape Detector
- Sahara Casino Rises Anew as SLS Las Vegas
- Chinese Coal Gas Boom Poses Climate Risks
- U.S. Supporters of Islamic State Get Close Scrutiny
- Job Market Shifts Complicate Yellen's Rate Decision
- Dems Losing Fear of Obamacare
- Is Diversity in the Eye of the Beholder?