TORONTO, June 4, 2012 /CNW/ - Difference Capital Funding Inc. (TSXV:
DCF) today named Michael Wekerle as chief executive, marking another
key step in its emergence as a technology-oriented merchant bank.
Mr. Wekerle has extensive investment banking experience. He is
co-founder of Difference Capital Inc. which created Difference Capital
Funding last month through the purchase of a 49.9 per cent stake in
TriNorth Capital Inc. TriNorth's name has subsequently been changed to
Difference Capital Funding. Prior to setting up Difference Capital in
2011, Mr. Wekerle was vice-chairman of institutional trading at GMP
Mr. Wekerle said: "We are steadily building Difference Capital Funding
into a well-capitalized and strongly managed merchant bank. We look
forward to making further announcements as we move forward in the
Difference Capital Funding secured $21.5 million in funding last week
through the initial tranche of a non-brokered private placement. It
expects to finalize a secondary financing prior to June 8.
Separately, John Albright has been appointed a director of Difference
Capital Funding. Mr. Albright is co-founder and managing partner of
Relay Ventures, an early-stage venture fund focussed on mobile
software. He is also a director of several technology companies, and
of the Canadian Venture Capital and Private Equity Association (CVCA).
About Difference Capital Funding Inc.
Difference Capital Funding, formerly TriNorth Capital Inc., is an
emerging Toronto-based merchant bank focused on technology-oriented
SOURCE Difference Capital Inc.
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