GLEN ALLEN, Va., Jan. 31, 2012 /PRNewswire/ -- First Capital
Bancorp, Inc. (NASDAQ: FCVA) the parent company of First Capital
Bank, today announced that it has set February 10, 2012 as the record date for its
previously disclosed proposed rights offering of common
stock. All record shareholders of the Company's common stock
will receive, at no charge, one subscription right for each share
of common stock held as of 5:00 pm, Eastern
Time, on the record date. Each subscription right will
entitle the holder of the right to purchase three Units for each
share of common stock held. Each Unit consists of one share
of common stock and a transferable warrant to purchase one-half
(1/2) of a share of common stock. The warrants will be
exercisable for 10 years.
A registration statement related to these securities has been
filed with the Securities and Exchange Commission ("SEC") but is
yet to become effective. The Securities may not be sold nor
may offers to buy be accepted prior to the time the registration
statement becomes effective. You may obtain a written
prospectus, when available, for the proposed rights offering
meeting the requirements of Section 10 of the Securities Act of
1933, as amended, by writing to the Company, 4222 Cox Road,
Glen Allen, Virginia 23060
Attention: John M. Presley Managing Director and CEO.
You may also obtain a copy of the SEC filings at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities. Securities
may not be sold nor may offers to buy be accepted prior to the
effectiveness of the registration statement, nor shall there be any
sale of the securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any state.
About First Capital Bancorp, Inc. and First Capital Bank
The Company currently operates seven branches in Innsbrook,
Chesterfield Towne Center, near Willow Lawn on Staples Mill Road,
in Ashland, at Three Chopt and
Patterson in Henrico County, at the James Center in
downtown, Richmond, and in
Bon Air, Chesterfield
County.
Readers are cautioned that this press release contains
forward-looking statements made pursuant to safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on management's current
knowledge, assumptions, and analyses, which it believes are
appropriate in the circumstances regarding future events, and may
address issues that involve significant risks including, but not
limited to: changes in interest rates; changes in accounting
principles, policies, or guidelines; significant changes in general
economic, competitive, and business conditions; significant changes
in or additions to laws and regulatory requirements; and
significant changes in securities markets. Additionally, such
aforementioned uncertainties, assumptions, and estimates, may cause
actual results to differ materially from the anticipated results or
other expectations expressed in the forward-looking statements.
SOURCE First Capital Bancorp, Inc.