01:37 PM EST, 12/17/2024 (MT Newswires) -- Dominion Lending Centres ( BRLGF ) on Tuesday said it completed the acquisition of all of the issued and outstanding non-voting series 1 class B preferred shares from one or more companies and from certain other holders in exchange for, 30.5 million class A common shares and a cash payment of $15 million, under a purchase agreement dated Oct. 2.

After completing the acquisition, the company filed an amendment to its articles of amalgamation to cancel the class B preferred shares as a class of shares and the series 1 preferred shares as a series of shares in the capital of the company.

Dominion Lending said it had an aggregate of 78.7-million common shares and nil series 1 preferred shares issued and outstanding, upon completion of the acquisition.

Shares of the company were last seen down $0.02 at $7.88 on the Toronto Stock Exchange.

Price: 7.88, Change: -0.02, Percent Change: -0.25