Mogo Management and Directors Acquire over 100,000 Shares

VANCOUVER, July 21, 2016 /CNW/ - Mogo Finance Technology Inc. (TSX: GO) today announced that management and directors of the company acquired a total of 102,200 Mogo shares in the market between May 20 and June 30, 2016.

David Feller, Founder and Chief Executive Officer of Mogo, acquired 28,400 shares, bringing his total shares held directly or indirectly to approximately 1.98 million, or 11% of Mogo's 18.2 million shares issued and outstanding.  

Gregory Feller, President and Chief Financial Officer of Mogo, acquired 38,300 shares, bringing his total shares held directly or indirectly to approximately 1.29 million, or 7% of Mogo's 18.2 million shares issued and outstanding.

Other management and directors acquired a total of 35,500 shares. Complete details of the share purchases have been filed on the System for Electronic Disclosure by Insiders (SEDI), Canada's on-line service for filing and viewing insider reports.

These purchases reflect the confidence that Mogo's management and directors have in the Company's ability to continue to execute on its strategy to be the leading digital financial platform and brand in Canada.

About Mogo

Mogo Finance Technology Inc. (TSX: GO) is not a bank—by design. It's a financial technology company focused on offering Canadians a more convenient and engaging digital alternative to the banks. With over 200,000 members and growing, we are using technology and design to offer consumers online and mobile access to solutions that are designed to help recover and improve their financial health. Whether looking to borrow money, refinance credit card debt, or getting tips on managing their money, Mogo is making it easier for our members to get in and stay in financial control. To learn more about Mogo—recently referred to as the potential "Uber of finance" by CNBC, Toronto Star, and others—visit mogo.ca.

SOURCE Mogo Finance Technology Inc.

Craig Armitage, Investor Relations, [email protected], [phone]; Alex Langer, Capital Markets, [email protected], [phone]