TORONTO, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Dealnet Capital Corp. ("Dealnet" or the "Company") (TSX-V:DLS), confirmed today that since August 21, 2017, senior managers and members of the Company’s Board of Directors, have purchased more than 8.3 million Dealnet common shares in the open market. These share purchase transactions include more than 7 million common shares purchased by Dr. Steven Small, Dealnet’s Executive Chairman.
"When the trading restrictions that normally apply to Dealnet insiders were lifted following the release of our second quarter results, it provided senior management and directors with the opportunity to acquire shares in the Company at a valuation we considered to be extremely attractive," said Dr. Small.
After accounting for these purchases, together with their previous holdings, senior management and members of the Board of Directors currently own, directly or indirectly, approximately 29.5 million common shares representing approximately 10.5 percent of the Company’s issued and outstanding shares.
About Dealnet Capital Corp.
Dealnet is a specialty finance company powered by its proprietary, scalable engagement platform to service 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.
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Contact Information
Michael Hilmer
Chief Executive Officer
+1-855-912-3444
mhilmer@dealnetcapital.com
John Sadler
Senior Director - Corporate Communications
(905) 695-8557 ext. 1348
jsadler@dealnetcapital.com