MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering b...
June 29 2016 - 6:21PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION IN THE UNITED
STATES OR OVER UNITED
STATES WIRE SERVICES/
TORONTO, June 29, 2016 /CNW/ - MCAN Mortgage Corporation
("MCAN") (TSX:MKP) today announced that MCAP Corporation ("MCAP")
has withdrawn its previously announced initial public offering of
common shares ("Common Shares") at this time due to current adverse
market conditions. In connection therewith, the previously
announced secondary offering of Common Shares by MCAN and another
shareholder of MCAP also has been cancelled at this time.
SOURCE MCAN Mortgage Corporation
Copyright 2016 Canada NewsWire
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