Lorne Park Capital Partners Inc. Announces Issuance of Shares Pursuant to Employee Share Savings Plan
Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") today announced that, pursuant to the terms and conditions of the Company's Employee Share Savings Plan, it has issued a total of 90,779 common shares of LPCP to eligible employees at a price of $0.71. Of these common shares, 29,044 were issued to certain directors and officers of the Company. The Employee Share Savings Plan was approved by shareholders in the special general meeting held on June 25, 2021.
About Lorne Park Capital Partners Inc.
LPCP was created to bring together boutique investment management and wealth advisory firms in order to deliver robust, cost-effective investment solutions to affluent investors, foundations, estates and trusts. LPCP's unique strategy creates better alignment between investment managers and wealth advisors while providing them with additional resources to accelerate their growth.
For further information, please contact:
Chief Executive Officer
Lorne Park Capital Partners Inc.
Neither the 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.
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "plan", and other similar expressions. Forward-looking information addresses possible future events, conditions and financial performance based upon management's current expectations, estimates, projections and assumptions. In particular, the forward-looking information contained in this news release reflects assumptions about the timing and results of the issuance of common shares of LPCP pursuant to the Employee Share Savings Plan. Management of LPCP considers the assumptions on which the forward-looking information contained herein are based to be reasonable. However, by its very nature, forward-looking information inherently involves known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such information. Such risks include, without limitation, changes in economic conditions, applicable laws or regulations. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. LPCP disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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