Press Release

Difference Capital Announces Results of Substantial Issuer Bid

Written on December 31st, 2015

TORONTO, CANADA – December 30, 2015 – Difference Capital Financial Inc. (“DCF” or the “Company”) (TSX:DCF)(TSX:DCF.DB) today announced the results of its Dutch auction substantial issuer bid to repurchase up to $7 million worth of its common shares (the “Offer”), which expired at 4:00 pm (Toronto time) on December 29, 2015. These are preliminary results based on the report of Computershare Investor Services Inc., the depositary for the Offer, and on the assumption that all deliveries of common shares will be duly completed.

DCF will accept for purchase and cancellation 6,578,950 of its common shares in the capital of the Company at a purchase price of $1.05 per common share, for a total cost of approximately $6.9 million in accordance with the terms of the Offer. These shares represent approximately 18.3% of the common shares outstanding as of December 29, 2015. After the repurchase, approximately 29.4 million common shares will remain outstanding.

Payment for the purchased shares will be effected by the depositary in accordance with the Offer and applicable law. Any common shares not purchased, due to the shares being invalidly deposited, will be returned as promptly as possible. Assuming the final results of the Offer do not differ materially from the preliminary results described above, DCF does not intend to issue a subsequent press release on the results of the Offer.

About Difference Capital Financial Inc.

Difference Capital Financial Inc. invests in and advises growth companies. We leverage our capital market expertise to help unlock the value in technology, media and healthcare companies as they approach important milestones in their business lifecycle.

Caution Regarding Forward-Looking Statements

Included in this press release are matters that constitute “forward-looking” information. Forward-looking statements may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may” or words of a similar nature. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include among others, equity market regulatory risks, risk inherent in foreign operations and competition. These factors are largely outside the control of the Company. All subsequent forward-looking statements attributable to the Company or its agents are expressly qualified in their entirety by these cautionary comments. The Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


Contact Information

Henry Kneis
Chief Executive Officer
(416) 649-5085



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