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 3, 2019.
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.
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Chief Executive Officer
Lorne Park Capital Partners Inc.
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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 in this news release includes, without limitation, LPCP's objectives, goals and future plans. Forward-looking information addresses possible future events, conditions and financial performance based upon management's current expectations, estimates, projections and assumptions. 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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