/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, May 22, 2015 /CNW/ - Mogo Finance Technology Inc. today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with the proposed initial public offering of its common shares. A copy of the preliminary prospectus is available on SEDAR website at www.sedar.com.
The proposed offering is being made through a syndicate of underwriters led by BMO Capital Markets and Cormark Securities Inc. as joint bookrunners, and comprised of Canaccord Genuity Corp., CIBC World Markets Inc. and National Bank Financial Inc.
No securities regulatory authority has either approved or disapproved the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Mogo Finance Technology Inc. in any jurisdiction. The preliminary prospectus is subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the common shares until a receipt for the final prospectus has been issued. This news release does not provide full disclosure of all material facts relating to the securities offered. Investors should read the preliminary prospectus, final prospectus and any amendment, for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended or any U.S. state securities law and may not be offered or sold in the United States except in compliance with the registration requirements of said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Mogo's mission is to leverage technology and design to offer socially responsible financial solutions that help Canadians stay in control of their financial health. Our proprietary online lending platform brings consumers a new level of convenience, simplicity and transparency compared with traditional financial services firms. We offer credit to the full spectrum of consumers regardless of credit score and at rates that we believe are generally lower than the rates charged by traditional institutions for comparable products. Our solution includes our free prepaid Mogo Visa card that offers consumers a responsible alternative to credit cards, as well as our unique Level Up program that provides them with a clear path to even lower rates over time. These advantages have allowed us to originate over 900,000 loans and acquire more than 100,000 members.
SOURCE Mogo Finance Technology Inc.
For further information: Ross Marshall, Investor Relations, [email protected], (416) 526-1563