IE Staff
(October 28 – 11:45 ET) Financial Network Inc. has entered into a letter of intent to acquire Britton Agencies Ltd., operating as Western Canadian Brokerage Group, a life and disability insurance brokerage based in Regina, Saskatchewan.
The purchase price for WCGB is approximately $3.65 million, IPC said in a statement, adding, it will be satisfied by the issuance of a combination of common and convertible retractable preferred shares in the capital of IPC.
The acquisition of WCBG is consistent with IPC’s business plan and strategy, said IPC. The Alberta Stock Exchange has neither approved nor disapproved of the
information contained herein.
-IE Staff
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