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Dominion Lending Centres Inc. Announces $59.15 million Partnership Agreement with Desjardins Capital Markets

Feb 11, 2025•over 1 year ago

Contract Type

partnership

Port CoquitlamReal Estate

Description

Today, Dominion Lending Centres Inc. announced a partnership agreement with Desjardins Capital Markets, Mauris Family Investments Inc., and 603908 BC Ltd. The agreement involves a fully marketed offering of up to 7,782,400 class “A” common shares at a price of $7.60 per share, resulting in gross proceeds of approximately $59.15 million for the Selling Shareholders.

Company Information

Company

Dominion Lending Centres

Location

Port Coquitlam, British Columbia, Canada

About

The DLC Group is Canada’s leading network of mortgage professionals. The DLC Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. The DLC Group’s extensive network includes ~7,500 agents and 515 locations. Headquartered in British Columbia, the DLC Group was founded in 2006 by Gary Mauris and Chris Kayat. Contact information for the Corporation is as follows: James BellCo-President403-560-0821jbell@dlcg.caRobin BurpeeCo-Chief Financial Officer403-455-9670rburpee@dlcg.caAmar LeekhaSr. Vice-President, Capital Markets403-455-6671aleekha@dlcg.ca

Predictive Intelligence
Strategic

ML-powered predictions for Dominion Lending Centres's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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