Difference Capital and Benev resolve board issues
Canadian specialty finance firm Difference Capital Financial and portfolio company Benev Capital Inc (TSX-V: BEV) have reached an agreement regarding the election of directors to Benev's board. Vancouver-based Benev has agreed to expand its board to seven members from its current four and support three Difference Capital nominees so long as the investor continues to own at least 15 percent of its outstanding common shares. Difference Capital had previously forwarded several prominent board nominations to influence Benev's recent changes in strategic direction.
4 June 2014•4 mins read
