Target Capital Inc. announces asset sale
07 March 2014 - 9:00AM
PR Newswire (Canada)
CALGARY,
March 6, 2014 /CNW/ - Target Capital
Inc. (TSX-V: TCI) is announcing its intention to sell up to 18,000
common shares of Olympia Financial Group Inc. (TSX: OLY) at a price
equal to the closing price for such shares on the day prior to the
sale. The Olympia shares are
expected to be sold to Rick Skauge
on or before March 31, 2014.
Rick Skauge is the CEO and
Chairman of Target and the transaction is considered a related
party transaction which has been approved unanimously by Target's
independent directors. Rick Skauge
is also the President and CEO of Olympia, and Target is a related party of
Olympia through common
management.
The completion of this transaction is subject to TSX Venture
Exchange approval.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Target Capital Inc.
Copyright 2014 Canada NewsWire
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