Builders Capital Mortgage Corp. Announces Completion of Private Placement of Class A Non-Voting Shares
April 05 2019 - 1:42PM
Builders Capital Mortgage Corp. (TSX-V – BCF)
(“
Builders Capital”) is pleased to announce that
it has completed the closing of the second tranche of its
non-brokered private placement of 75,000 Class A Non-Voting Shares
at a price of $10.00 per share for gross aggregate proceeds of
$750,000.
A finder's fee of $15,000 will be paid in
connection with this second tranche of the private placement. The
Class A Non-Voting Shares issued under this private placement are
subject to a four month hold period which will expire on August 5,
2019.
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.
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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