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
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, firstname.lastname@example.org.