Firm Capital Mortgage Investment Corporation Closes Bought Deal Offering of Common Shares

About this update from Firm Capital Mortgage Investment Corporation

[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n THE UNITED STATES/\n\n\nTSX Symbol: FC\n\n\nTORONTO, Jan. 28, 2014 /CNW/ - Firm Capital Mortgage Investment\n Corporation (the \"Corporation\") (TSX: FC) today announced that it has completed the previously\n announced issue and sale of 1,955,000 common shares of the Corporation\n (\"Common Shares\") at a price of Cdn$12.10 per Common Share, including the exercise in\n full of the underwriters' over-allotment option, for aggregate gross\n proceeds to the Corporation of Cdn$23,655,500. The Common Shares are\n listed and posted for trading on the Toronto Stock Exchange under the\n symbol \"FC\". The offering was underwritten by a syndicate of underwriters led by TD\n Securities Inc. including National Bank Financial Inc., Desjardins\n Securities Inc., Dundee Securities Ltd., RBC Dominion Securities Inc.,\n Scotia Capital Inc., Canaccord Genuity Corp. and GMP Securities L.P.\n\n\nThe net proceeds of the offering will be used to repay a portion of the\n Corporation's indebtedness and for general corporate purposes.\n\n\nThis press release shall not constitute an offer to sell or the\n solicitation of an offer to buy Common Shares.  The Common Shares have\n not been and will not be registered under the United States Securities\n Act of 1933 and accordingly will not be offered, sold or delivered,\n directly or indirectly within the United States, its possessions and\n other areas subject to its jurisdiction or to, or for the account or\n for the benefit of a U.S. person, except in limited circumstances.\n\n\nAbout Firm Capital Mortgage Investment Corporation\n\n\nThe Corporation, through its mortgage banker, Firm Capital Corporation,\n is a non-bank lender providing residential and commercial short-term\n bridge and conventional real estate financing, including construction,\n mezzanine and equity investments. The Corporation's investment\n objective is the preservation of shareholders' equity, while providing\n shareholders with a stable stream of monthly dividends from\n investments. The Corporation achieves its investment objectives through\n investments in selected niche markets that are under-serviced by large\n lending institutions. Lending activities to date continue to develop a\n diversified mortgage portfolio, producing a stable return to\n s...

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