Builders Capital Mortgage Corp. Announces Completion of Private Placement of Class A Non-Voting Shares
26 July 2017 - 3:20AM
Builders Capital Mortgage Corp. (TSX-V:BCF) (“Builders Capital”) is
pleased to announce that it has completed a non-brokered private
placement of 50,000 Class A Non-Voting Shares at a price of $10.00
per share for gross aggregate proceeds of $500,000.
A finder’s fee of 5% of the gross proceeds of will
be paid in connection with this 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 November 26,
2017.
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.
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.
For further information, please contact:
John Strangway, Chief Financial Officer
Telephone: (403) 685-9888
Builders Capital Mortgage Corp.
Suite 405, 1210 – 8th Street SW
Calgary, Alberta T2R 1L3
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