IOU Financial Advises Shareholders Not to Take Action with respect to Qwave’s Unsolicited Partial Offer; Hires Raymond James Ltd. as Financial Advisor and Announces Adoption of a Rights Plan
Montreal, Quebec, June 29, 2015 — IOU FINANCIAL INC. (“IOU Financial” or the “Company”; ticker symbol IOU/TSX-V), a leading online lender to small businesses, acknowledges the filing on June 25, 2015, of a take-over bid circular by Qwave Capital LLC (“Qwave”) for its unsolicited partial offer to purchase 34,000,000 outstanding common shares of IOU Financial […]