Builders Capital Mortgage Corp. Announces Completion of Private Placement of Class A Non-Voting Shares
June 29 2018 - 11:44AM
Builders Capital Mortgage Corp. (TSX-V:BCF) (“Builders Capital”) is
pleased to announce that it has completed a non-brokered private
placement of 68,500 Class A Non-Voting Shares (the "Class A
Shares"). This placement consists of 18,500 Class A Shares issued
at a price of $10.00 per share for gross aggregate proceeds of
$185,000. The remaining 50,000 Class A Shares are being issued as a
result of an exchange by a shareholder for his 50,000 Class B
Non-Voting shares which will be cancelled by Builders Capital.
The Class A Non-Voting Shares issued under this private
placement are subject to a four month hold period which will expire
on November 5, 2018.
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 Officer Telephone: (403)
685-9888
Builders Capital Mortgage Corp. Suite 405, 1210
– 8th Street SW Calgary, 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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