Difference Capital Funding Inc. announces completion of distribution of Feronia Inc. shares
TORONTO, Aug. 31, 2012 /CNW/ - Difference Capital Funding Inc. ("Difference Capital") (TSXV: DCF) (formerly TriNorth Capital Inc.) is pleased to announce that it has completed all requisite steps to facilitate the distribution (the "Distribution") of the approximately 14.9 million common shares of Feronia Inc. ("Feronia Shares") to Difference Capital shareholders of record (the "Entitled Shareholders") as of May 11, 2012 (the "Record Date").
Feronia Inc.'s transfer agent is in the process of mailing out the Feronia Shares to the Entitled Shareholders. Each such Entitled Shareholder will be receiving on a pro rata basis 0.0988 of a Feronia Share for each pre-consolidation share of Difference Capital held as of the Record Date within the next two weeks. Difference Capital consolidated its outstanding common shares on the basis of one new common share for every ten old common shares on May 28, 2012.
For further information relating to the Distribution, please refer to Difference Capital's management information circular dated April 27, 2012 available at www.sedar.com.
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.
Henry Kneis, Director
416 649 5085
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