Brilliant Resources Inc. receives shareholder approval of change of business and return of capital 

 

June 25, 2015

On June 25, 2015, Brilliant Resources Inc. (BLT: TSX-V) (Brilliant or Company) received shareholder approval of its proposed change of business from a "junior resource company" to an "investment issuer".

Shareholders also approved a return of capital to shareholders of Brilliant of $0.145 per share (approximating $21.69 million); a name change to "FCF Capital Inc."; an amended and restated stock option plan; and an amended and restated deferred share unit plan.

With the completion of its change of business, the Company's primary focus will be to seek superior returns by making investments in equity, debt or other securities of publicly traded or private companies or other entities, providing financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets.

Brilliant (now FCF Capital Inc.) was represented by McMillan LLP with a team that included Paul Davis and Sandra Zhao (capital markets/M&A) and Carl Irvine (tax).