Target Capital signs LOI to purchase Loans for Less Inc.

CALGARY, Feb. 3 /CNW/ - Target Capital Inc. (TSX-V:TCI) announces it has signed a Letter of Intent to purchase 73% of the issued and outstanding shares of Loans for Less Inc., a private Ontario corporation, for $200,000 cash.  Loans for Less Inc. is an innovative entrant into the payday loan industry that offers its services through remote kiosks, providing borrowers with lower costs, and a level of convenience and privacy not available at transitional storefront locations. Closing of the acquisition is subject to several conditions, including the negotiation of a formal share purchase agreement, a satisfactory due diligence review by the buyer and seller and the execution of all required agreements.

Neither 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.

SOURCE Target Capital Inc.

For further information:

Information about Target Capital Inc. can be found at www.sedar.com. For further information contact Ryan Hoult, CFO, at (403) 261-7500, ryan@targetcapitalinc.com.

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