Builders Capital Announces Intention to Complete Private Placement
June 12 2014 - 2:05PM
Marketwired
Builders Capital Announces Intention to Complete Private Placement
CALGARY, ALBERTA--(Marketwired - Jun 12, 2014) - Builders
Capital Mortgage Corp. (TSX-VENTURE:BCF) ("Builders Capital")
announced today that, subject to regulatory approval, it intends to
complete a private placement to raise a maximum of $3,000,000 by
the issuance of up to 300,000 Class A Non-Voting Shares (the
"Shares"). Each of the Shares will be offered at a price of $10.00
and will be issued pursuant to the terms and conditions set forth
in as subscription agreement to be approved by the Board of
Directors. Certain members of the Board of Directors may
participate in this private placement, which does not require a
minimum subscription to close. This is a non-brokered private
placement.
Proceeds of the private placement will be used to fund
additional loans to approved members of the home construction
industry and to add to working capital.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Builders Capital Mortgage Corp.John StrangwayChief Financial
Officer(403) 685-9888Suite 405, 1210 - 8th Street SWCalgary,
Alberta T2R 1L3
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