/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, Sept. 7, 2012 /CNW/ - Difference Capital Funding Inc. (TSXV: DCF) ("DCF") has acquired an additional 2% stake in Lignol Energy Corporation (TSXV: LEC) ("Lignol"), a leading technology company in the advanced biofuels and renewable chemicals sector.
On September 6th, 2012, DCF purchased through the TSX Venture Exchange 1,432,500 common shares ("Common Shares") of Lignol at an average price of $0.1049 per Common Share. On September 7th, 2012, DCF purchased an additional 561,000 Common Shares through the TSX Venture Exchange at an average price of $0.1185 per Common Share. The Common Shares acquired by DCF represent an aggregate of approximately 2% of the current issued and outstanding Common Shares of Lignol (the "Transaction").
Immediately following the completion of the Transaction, DCF owned and controlled 14,493,500 Common Shares, representing approximately 14.55% of the issued and outstanding Common Shares of Lignol.
The Transaction was made through the facilities of the TSX Venture Exchange. DCF acquired the Lignol shares for investment purposes only. However, DCF may in the future take such actions in respect of its holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional shares or other securities of Lignol 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.
SOURCE: Difference Capital Funding Inc.
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