TORONTO, Dec. 4, 2017 /CNW/ - Dealnet Capital Corp. ("Dealnet" or the "Company") (TSX VENTURE: DLS) announced today that it has granted 500,000 stock options to Brent Houlden, Interim Chief Executive Officer pursuant to his terms of engagement. The stock options will vest over a period of 18 months and will be exercisable for a period of five years at an exercise price of $0.09 per stock option.
About Dealnet Capital Corp.
Dealnet is a specialty finance company backed by its proprietary, scalable engagement platform to service the $20 billion home improvement finance market through both dealer-based and technology enabled originations of secured finance assets (leases and loans). The Company earns net finance income over the term of these assets, which have a term to maturity of up to ten years 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 which provides significant scale to the engagement business. Together, these three revenue sources provide the Company with a combination of both annuity-like income that is earned over time from its growing portfolio of finance assets, and transaction-based income that generates fees for contracted services.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Dealnet Capital Corp.
For further information: Brent Houlden, Chief Executive Officer, (905) 695-8557 ext.1145, [email protected]; John Sadler, Senior Director - Corporate Communications, (905) 695-8557 ext. 1348, [email protected]