Steele acquires more shares of Newfoundland Capital

DARTMOUTH, NS - Newfoundland Capital Corporation chairman and majority shareholder Harry R. Steele has acquired control of an additional 500,000 Class A subordinate voting shares of Newfoundland Capital Corporation Limited, representing 2.1% of those outstanding, at a price of $8.80 per share under a private agreement with one vendor. Steele now owns or controls 16,236,675 Class A shares, representing approximately 67.0% of the outstanding Class A Shares, and 3,658,002 Class B Common Shares, representing 97.0% of the outstanding Class B Common Shares.The purchases were made for investment purposes, according to the company’s new release. Subject to regulatory limitations, Steele and companies...