Firm Capital Mortgage Investment Corporation closes $22,059,000 bought deal financing

About this update from Firm Capital Mortgage Investment Corporation

[{"type":"text","content":"\n\n\n\nFirm Capital Mortgage Investment Corporation closes $22,059,000 bought deal financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFirm Capital Mortgage Investment Corporation closes $22,059,000 bought deal financing\nCanada NewsWire\nTORONTO, April 19, 2016\n\n\n\n/NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, April 19, 2016 /CNW/ - Firm Capital Mortgage Investment Corporation (the \"Corporation\") (TSX: FC) is pleased to announce that it has closed its previously announced bought deal prospectus offering of 1,710,000 common shares (the \"Offered Shares\") at a price of $12.90 per Offered Share. The Offered Shares were listed and posted for trading on the TSX at the opening of trading today. \n\nThe offering was underwritten by a syndicate of underwriters led by TD Securities Inc. and which included RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc. and Dundee Securities Ltd. (collectively, the \"Underwriters\"). The Corporation has also granted the Underwriters an over-allotment option, exercisable in whole or in part, at any time up to 30 days after the closing of the offering to purchase up to an additional 256,500 common shares of the Corporation.\n\nThe net proceeds of the offering will be used to repay a portion of the Corporation's indebtedness and for general corporate purposes.\n\nThis press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United States and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.\n\nAbout Firm Capital Mortgage Investment Corporation\n\nThe Corporation, through its m...

More updates from Firm Capital Mortgage Investment Corporation