Lorne Park Capital Partners Inc. announces Private Placement of Non-Convertible Unsecured Debentures and Closing of First Tranche
Toronto, Ontario--(Newsfile Corp. - August 15, 2019) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP" or the "Corporation") is pleased to announce a non-brokered private placement offering of non-convertible and unsecured debentures of the Corporation (the "Debentures") for an aggregate principal amount of up to $4,500,000 (the "Offering") and the closing of the first tranche of the Offering in the amount of $3,199,000 (the "First Tranche"). The Debentures issued as part of the First...
2019-08-15 5:11 PM EDT
Lorne Park Capital Partners Inc. Invests $2.89 Million in Benlark LP
Toronto, Ontario--(Newsfile Corp. - July 31, 2019) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") is pleased to announce that it has, through its wholly-owned subsidiary Bellwether Investment Management Inc. ("Bellwether"), made a capital contribution of $2,886,000 (the "Benlark Capital Contribution") to Benlark LP ("Benlark"), an Ontario limited partnership, governed pursuant to a limited partnership agreement dated July 27, 2017 (the "Limited Partnership Agreement"). Benlark owns...
2019-07-31 8:32 AM EDT
Lorne Park Capital Partners Inc. Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - May 6, 2019) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP" or the "Company") announces that it has granted 305,000 incentive stock options to certain directors and employees of the Company under its Stock Option Plan. All options are exercisable at $0.40 per common share and expire on May 3, 2029. About Lorne Park Capital Partners Inc.LPCP was created to bring together boutique investment management and wealth advisory firms in order to deliver...
2019-05-06 10:50 AM EDT
Lorne Park Capital Partners Inc. Announces Board of Directors Update
Toronto, Ontario--(Newsfile Corp. - April 30, 2019) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") announces that Michael Clemons has resigned from the Board of Directors (the "Board") in order to focus on his charitable foundation, the Michael Pinball Clemons Foundation. The Board thanks Mr. Clemons for his many years of dedicated service to LPCP and wishes him well in his future endeavours.In his place, LPCP has appointed Peter Patchet to the Board. Mr. Patchet was the Chief...
2019-04-30 5:53 PM EDT
Lorne Park Capital Partners Inc. Closes Non-brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - April 8, 2019) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") is pleased to announce that it has closed a non-brokered private placement (the "Placement") offering of 10,000,000 common shares ("Shares") at a price of $0.40 per Share for the aggregate principal amount of $4,000,000. It is expected that the proceeds of the Placement will be used for working capital and general corporate purposes. Shares issued pursuant to the Placement are subject to...
2019-04-08 3:13 PM EDT
Lorne Park Completes First Anniversary Payment in Connection with Crestridge Asset Management Acquisition
Toronto, Ontario--(Newsfile Corp. - October 4, 2018) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP" or the "Corporation") announces that in connection with its acquisition of Crestridge Asset Management Inc. on October 2, 2017, it has paid a first anniversary payment of $300,000 in cash and issued 500,000 common shares of LPCP ("Common Shares") at a deemed issue price of $0.40. The Common Shares are subject to a statutory four months and one day hold period ending February...
2018-10-04 10:33 AM EDT
Lorne Park Capital Partners Inc. Closes Acquisition of Adaptive Asset Management Ltd.
Toronto, Ontario--(Newsfile Corp. - August 20, 2018) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") is pleased to announce that further to its press release of July 30, 2018, it has completed its previously announced acquisition of Adaptive Asset Management Ltd. ("Adaptive"), a portfolio manager based in Toronto (the "Transaction").Bellwether Investment Management Inc. ("Bellwether"), a subsidiary of LPCP, acquired all of the shares of the parent company of Adaptive in exchange for...
2018-08-20 7:07 PM EDT
Lorne Park Capital Partners Inc. Signs a Definitive Agreement to Acquire Adaptive Asset Management Ltd.
Toronto, Ontario--(Newsfile Corp. - July 30, 2018) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") announced that it has signed a share purchase agreement ("SPA") to purchase all of the outstanding securities of Adaptive Asset Management Ltd. ("Adaptive"), an independent portfolio manager based in Toronto (the "Transaction").Adaptive provides investment management services for individuals and institutions in Ontario, using a proprietary tactical allocation process to build and...
2018-07-30 6:44 PM EDT