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Share Name | Share Symbol | Market | Type |
---|---|---|---|
The Delma Group Inc | CSE:DLMA | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.00 | 0.90 | 0.98 | 0 | 00:00:00 |
The acquisition of 9371 was paid at a net price of $2,244,967 paid by the issuance of 955,305 class A common shares in the capital of Delma at a price of $2.35 per common share (the “Purchase Price”), which Purchase Price is inclusive of the settlement of an outstanding debt held by one of the Vendors against the Company, totalling $400,000 and being settled by the issuance of common shares of the Corporation at a price of $2.35 per common share. No finder’s fee or commissions of any kind has been paid in connection with the Transaction.
The parties have agreed that the Transaction be structured as a purchase and rollover transaction with Delma’s wholly-owned subsidiary, Delma Real Estate Corporation (“DREC”) for tax efficiency purposes. The Transaction does not constitute a “related party transaction” as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction, and, as such, will not require shareholder approval.
This Transaction increases the Company’s total assets to about $110M.
About The Delma Group Inc.:Delma operates in Canada in the development, acquisition and management of multi-purpose real estate, including retail, multi-suite residential, industrial, and office buildings as well as land for future development. The Company’s investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables the group to capture development profits and the value-add while securing stable long-term returns.
For more information, please visit www.delma.ca and www.sedar.ca. DLMA.CN
Source: The Delma Group Inc.
For more Information, please contact: Joseph CianciCFOT: 1.844.663.3565 (Ext. 102)E: joseph.cianci@delma.ca
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