MONTREAL, Sept. 8, 2016 /CNW Telbec/ - OneCap Financial Corp., a Canadian Business Corporation having its head office at 2035 Grey Ave., Montreal, Quebec, H4A 3N3 is the holding corporation of Mr. Daniel Dorey.
Consultant Immobilier PLA Inc., a Canadian Business Corporation having its head office at 7305 Gouin Blvd. East, Montreal, Quebec, H1A 1A2, is the holding corporation of Mr. Pierre Setlakwe.
OneCap Financial Corp. and Consultant Immobilier PLA announce that on September 8, 2016 they have acquired a total of 400,000 Common Shares, representing approximately 5.79% of the issued and outstanding Common Shares of OneCap Investment Corporation (TSXV: OIC.H) ("OneCap"), a capital pool company whose Common Shares have been halted from trading since January 25, 2013.
OneCap's head office is located at 1000 De La Gauchetière Street West, Suite 2900, Montreal, Quebec, H3B 4W5.
Those Common Shares were purchased for a global consideration of $60,280 at an average price of $0.1507 per share by private transaction.
Mr. Daniel Dorey is the Chairman of the Board of OneCap. Mr. Pierre Setlakwe is a director and President of OneCap.
Prior to such purchase, Messrs. Dorey and Setlakwe controlled approximately 2.75% and 3.62%, respectively, of the issued and outstanding Common Shares of OneCap. After giving effect to the acquisition, Messrs. Dorey and Setlakwe acting jointly now control in the aggregate 840,000 Common Shares of OneCap representing approximately 12.15% of OneCap's issued and outstanding Common Shares.
The Common Shares were acquired to effect a change in the board of directors of OneCap by the resignation of the two selling directors.
An early warning report pursuant to Part 3 of National Instrument 62-103 has been filed on SEDAR.
SOURCE OneCap Investment Corporation
For further information: Pierre Setlakwe, Tel: (514) 878-3201, Daniel Dorey, Tel: (514) 839-7801