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Dominion Lending Centres Inc T.DLCG

Alternate Symbol(s):  BRLGF

Dominion Lending Centres Inc. is a Canadian mortgage brokerage and data connectivity provider with operations across Canada. The Company operates through Dominion Lending Centres Inc. and its three subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc., and Newton Connectivity Systems Inc., and has operations across Canada. The Company’s network includes approximately 7,980 agents and 541 locations. Dominion Lending Centres Inc. is a franchise-based mortgage network. Newton Connectivity Systems Inc. provides a complete range of products and services that are designed to automate the entire mortgage approval, underwriting and funding process by providing instant insight into easy-to-use systems.


TSX:DLCG - Post by User

Comment by tinkvidon Apr 07, 2022 9:54am
121 Views
Post# 34583853

RE:Dominion Lending Centres Completes Newton Acquisition

RE:Dominion Lending Centres Completes Newton Acquisition2016 DLCG bought Marlbourough Stirling Canada,
60%, for 5.5million.....
Now they bought the rest of what it is called now, Newton Connectivity,
30% for 24Million!!!! 
What is the Value of Newton Connectivity when they become detached from Finastra Contract in June 2022????


Betteryear2 wrote:

VANCOUVER, British Columbia, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Dominion Lending Centres Inc. (TSX:DLCG) (“DLC” or the “Corporation”) is pleased to announce that it has completed the acquisition of the remaining 30% of 10017078 Canada Inc. (“Newton Holdco”) that DLC did not already own (the “Newton Acquisition”), which transaction was previously announced on February 15, 2022. Newton Holdco owns 100% of the issued and outstanding shares of Newton Connectivity Systems Inc.




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