Business
Builders Capital Mortgage Corp Provides Update on Anticipated Third Closing of Bond Offering
This amended and restated press release replaces and supersedes in its entirety the Company's pre...
About this update from Builders Capital Mortgage Corp. Class A
[{"type":"text","content":"Builders Capital Mortgage Corp Provides Update on Anticipated Third Closing of Bond OfferingThis amended and restated press release replaces and supersedes in its entirety the Company's press release dated December 8, 2025 (the \"Original Release\"). Certain information contained in the Original Release has been corrected as described below.Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Builders Capital Mortgage Corp. (TSXV: BCF) (\"Builders Capital\" or \"the Company\") is providing an update to its press release dated December 8, 2025, in which it announced the anticipated third closing of its participating bond offering (the \"Offering\").Since the issuance of the December 8, 2025, press release, the Company has received additional subscriptions from new investors in connection with the third tranche of the Offering. As a result:the anticipated gross proceeds of the third tranche have increased to $2,750,000; andthe third tranche is now anticipated to close on or about January 2, 2026.All other terms and conditions of the Offering remain unchanged and were previously disclosed. The Bonds will be issued on the same terms described in the Company's news release dated April 8, 2024. Net proceeds of the Offering will be used in the Company's ongoing mortgage lending business. The Company confirms that there are no material changes to the Company that have not been previously disclosed.Forward-Looking InformationThis amended and restated news release contains statements within the meaning of applicable securities legislation, including statements with respect to management's beliefs, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking information is based on management's current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. statements within the meaning of applicable securities legislation, including statements with respect to management's beliefs, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology s...