VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has entered into an acquisition agreement (the “Acquisition Agreement”) with KayMaur Holdings Ltd. (“KayMaur”) and certain minority holders to acquire (the “Proposed Acquisition”) all of the issued and outstanding non-voting series I class “B” preferred shares of the Corporation (the “Preferred Shares”) in exchange for $137 million payable as follows: 30,500,000 class “A” common shares (“Common Shares”) (having a 20 day volume weighted average price of $4.00 per share) and an aggregate cash payment of $15 million.