Builders Capital Mortgage Corp. Announces Completion of Private Placement of Class A Non-Voting Shares
09 November 2017 - 4:52AM
Builders Capital Mortgage Corp. (TSX-V:BCF) is pleased to announce
that it has completed a non-brokered private placement of 52,000
Class A Non-Voting Shares at a price of $10.00 per share for gross
aggregate proceeds of $520,000.
A finder’s fee of 3.8% of the gross proceeds
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 March 9, 2018.
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.
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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