{"id":414445,"date":"2021-01-13T16:18:13","date_gmt":"2021-01-13T21:18:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414445"},"modified":"2021-01-13T16:18:13","modified_gmt":"2021-01-13T21:18:13","slug":"dominion-lending-centres-inc-implements-normal-course-issuer-bid","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dominion-lending-centres-inc-implements-normal-course-issuer-bid\/","title":{"rendered":"Dominion Lending Centres Inc. Implements Normal Course Issuer Bid"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">VANCOUVER, British Columbia, Jan.  13, 2021  (GLOBE NEWSWIRE) &#8212; Dominion Lending Centres Inc. (TSXV: DLCG) announces that it has obtained approval from the TSX Venture Exchange (the \u201cExchange\u201d) for a normal course issuer bid through the facilities of the Exchange. The normal course issued bid will be for a 12 month duration, commencing on January 18, 2021 and ending on January 17, 2022.<\/p>\n<p align=\"both\">Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation\u2019s common shares (\u201cCommon Shares\u201d) at the time of purchase, up to 2,332,697 Common Shares, representing 5% of the Corporation\u2019s issued and outstanding Common Shares. The member who will conduct the normal course issuer bid on behalf of the Corporation is Desjardins Securities Inc. (\u201cDesjardins\u201d). The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Corporation and will be made in accordance with the requirements of the Exchange. Purchases of Common Shares under the normal course issuer bid will be completed using available working capital from time to time.<\/p>\n<p align=\"both\">Management of the Corporation is of the view that, from time to time, it is in the best interests of all shareholders that Common Shares be acquired by the Corporation and returned to treasury, thus increasing the Corporation\u2019s value per Common Share for remaining shareholders.<\/p>\n<p align=\"both\">\n        <strong>About Dominion Lending Centres Inc.<\/strong>\n      <\/p>\n<p align=\"both\">DLC group of companies is Canada\u2019s leading and largest mortgage brokerage with over $40 billion in funded mortgages in 2019. DLC group of companies operates through four main subsidiaries, Dominion Lending Centres, Mortgage Centre Canada, Mortgage Architects and Newton Connectivity Systems and has operations in all 13 provinces and territories. DLC group of companies\u2019 extensive network includes ~6,000 agents and 515 locations. Headquartered in British Columbia, DLC group of companies was founded in 2006 by Gary Mauris and Chris Kayat.<\/p>\n<p align=\"both\">Contact information for the Corporation is as follows:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:30%;width:30%;min-width:30%;text-align: left;vertical-align: middle;vertical-align: top\">James Bell<br \/>Co-President<br \/>403-560-0821<br \/>jbell@dlcg.ca<\/td>\n<td style=\"max-width:40%;width:40%;min-width:40%;text-align: left;vertical-align: middle;vertical-align: top\">Robin Burpee<br \/>Co-Chief Financial Officer<br \/>403-455-9670<br \/>rburpee@dlcg.ca<\/td>\n<td style=\"max-width:30%;width:30%;min-width:30%;text-align: left;vertical-align: middle;vertical-align: top\">Amar Leekha<br \/>Sr. Vice-President, Capital Markets<br \/>403-455-6671<br \/>aleekha@dlcg.ca<\/td>\n<\/tr>\n<\/table>\n<p align=\"both\">\n        <em>NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.<\/em>\n      <\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNTU1MiMzOTE4MjMxIzIwODkxOTY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7bd80f52-b8ee-428a-a258-7445064c970d\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, Jan. 13, 2021 (GLOBE NEWSWIRE) &#8212; Dominion Lending Centres Inc. (TSXV: DLCG) announces that it has obtained approval from the TSX Venture Exchange (the \u201cExchange\u201d) for a normal course issuer bid through the facilities of the Exchange. The normal course issued bid will be for a 12 month duration, commencing on January 18, 2021 and ending on January 17, 2022. Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation\u2019s common shares (\u201cCommon Shares\u201d) at the time of purchase, up to 2,332,697 Common Shares, representing 5% of the Corporation\u2019s issued and outstanding Common Shares. The member &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dominion-lending-centres-inc-implements-normal-course-issuer-bid\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dominion Lending Centres Inc. Implements Normal Course Issuer Bid&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414445","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dominion Lending Centres Inc. Implements Normal Course Issuer Bid - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dominion-lending-centres-inc-implements-normal-course-issuer-bid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominion Lending Centres Inc. Implements Normal Course Issuer Bid - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Jan. 13, 2021 (GLOBE NEWSWIRE) &#8212; Dominion Lending Centres Inc. (TSXV: DLCG) announces that it has obtained approval from the TSX Venture Exchange (the \u201cExchange\u201d) for a normal course issuer bid through the facilities of the Exchange. The normal course issued bid will be for a 12 month duration, commencing on January 18, 2021 and ending on January 17, 2022. Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation\u2019s common shares (\u201cCommon Shares\u201d) at the time of purchase, up to 2,332,697 Common Shares, representing 5% of the Corporation\u2019s issued and outstanding Common Shares. The member &hellip; Continue reading &quot;Dominion Lending Centres Inc. 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Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation\u2019s common shares (\u201cCommon Shares\u201d) at the time of purchase, up to 2,332,697 Common Shares, representing 5% of the Corporation\u2019s issued and outstanding Common Shares. The member &hellip; Continue reading \"Dominion Lending Centres Inc. 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