Difference Capital Announces Acquisition of Common Shares of Espial Group Inc.
TORONTO, ONTARIO -- (Marketwire) -- 03/05/13 -- Difference Capital
Funding Inc. (TSX VENTURE:DCF) ("DCF") reports that on March 4, 2013,
it acquired 650,000 common shares ("Shares") of Espial Group Inc.
(the "Issuer"), at a price of $0.85 per Share, representing
approximately 4.62% of the total issued and outstanding Shares of the
Issuer. DCF has aggregate ownership of 1,613,300 Shares, representing
11.48% of the outstanding Shares.
Michael Wekerle ("Wekerle"), an associate of DCF, acquired 700,000
Shares of the Issuer on March 4, 2013 at a price of $0.85 per Share,
representing approximately 4.98% of the total issued and outstanding
Shares of the Issuer. Wekerle has aggregate ownership of 1,000,900
Shares, representing 7.12% of the outstanding Shares.
Pursuant to applicable securities laws, DCF and Wekerle are presumed
to be acting jointly or in concert with regard to their respective
ownership of Shares of the Issuer. Together they have ownership and
control over 2,611,700 Shares, representing approximately 18.60% of
the outstanding Shares.
DCF and Wekerle acquired the Shares for investment purposes only. DCF
and/or Wekerle may in the future take such actions in respect of
their respective holdings as deemed appropriate in light of the
circumstances then existing, including the purchase of additional
Shares or other securities of the Issuer through open market
purchases or privately negotiated transactions, or the sale of all or
a portion of his holdings in the open market or in privately
negotiated transactions to one or more purchasers.
DCF's head office is located at 130 King Street West, Suite 2950,
Toronto, Ontario M5X 1C7.
About Difference Capital
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, particularly in the
technology and media sectors, as well as 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.
Espial Group Inc. is a developer and marketer of software solutions
that enable the delivery of Internet Protocol Television.
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 news
Difference Capital Funding Inc.
Chief Executive Officer
416 649 5088
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