Builders Capital Mortgage Corp. Announces Intention to Complete Class A Non-Voting Share Private Placement
March 27 2019 - 1:12PM
Builders Capital Mortgage Corp. (the "
Company")
(TSXV:BCF) is pleased to announce that it intends to complete a
non-brokered private placement for the sale of up to 140,000 Class
A non-voting shares at a price of $10.00 per Share for aggregate
gross proceeds to the Company of up to $1,400,000 (the "Private
Placement").
A finder's fee of up to 2% of the gross proceeds
may be paid by the Company in connection with this private
placement.
The offering is scheduled to close on or about
April 1, 2019 and is subject to normal approvals by the TSX Venture
Exchange. No new control persons will be created as a result of
this private placement.
The majority of the proceeds from the Private
Placement will be used to fund additional loans to approved members
of the home construction industry and to add to working
capital.
The Company confirms that there is no material
fact or material changes related to the Company which has not been
generally disclosed.
For further information, please
contact:
John Strangway, Chief Financial
OfficerTelephone: (403) 685-9888
Builders Capital Mortgage Corp.Suite 405, 1210 –
8th Street SWCalgary, Alberta T2R 1L3
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.
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