Firm Capital Mortgage Investment Corporation Closes Exercise of Underwriters' Over-Allotment Option

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[{"type":"text","content":"\n\n\n\nFirm Capital Mortgage Investment Corporation Closes Exercise of Underwriters' Over-Allotment Option\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 Exercise of Underwriters' Over-Allotment Option\nCanada NewsWire\nTORONTO, April 26, 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 26, 2016 /CNW/ - Firm Capital Mortgage Investment Corporation (the \"Corporation\") (TSX: FC) is pleased to announce that it has issued an additional 256,500 common shares (the \"Offered Shares\") at a price of $12.90 per Offered Share pursuant to the over-allotment option granted to the underwriters in connection with the Corporation's previously announced bought deal prospectus offering of 1,710,000 common shares of the Corporation. After the exercise and closing of the over-allotment option, the Corporation has raised aggregate gross proceeds of $25,367,850 in connection with the offering. 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.\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 Capita...

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