| Home : December 08 2016 Computer News : British Columbia Discovery Fund to Redeem $3.0 million of Shares |
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British Columbia Discovery Fund to Redeem $3.0 million of Shares |
December 08, 2016
VANCOUVER, BC--(Marketwired - December 07, 2016) - British Columbia Discovery Fund (VCC) Inc. (the "Fund"), a venture capital investment fund managed by Discovery Capital Management Corp. ("DCMC" or the "Manager"), is pleased to announce a $3.0 million redemption of its Class A Shares. The Fund has identified those shares eligible to be redeemed by designating them as DCC400 shares. The procedures for processing redemptions are outlined further below in this press release. This redemption has been funded primarily by the recent disposition of 200,000 shares of Avigilon Corporation by the Fund -- the Fund continues to hold a further 200,000 shares of Avigilon.
Link: http://www.marketwired.com/mw/release.do?id=2181549&sourceType=3
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