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MCAN Mortgage Corporation Reminds Investors of Pending Rights Expiry
MCAN Mortgage Corporation Reminds Investors of Pending Rights Expiry Canada New...
About this update from Mcan Mortgage Corporation
[{"type":"text","content":"\n \n \n \n MCAN Mortgage Corporation Reminds Investors of Pending Rights Expiry\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION OR DISSEMINATION INTO\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ - MCAN Mortgage Corporation (\"MCAN\", the \"Company\", \"our\", or \"we\") (TSX: MKP) wants to remind its shareholders that the deadline for exercising their right to subscribe for additional common shares (the \"Common Shares\") of the Company (a \"Right\") will occur at\n \n 5:00 p.m.\n \n (\n \n Toronto\n \n time) on\n \n December 8, 2021\n \n (the \"Expiry Time\") (the \"Rights Offering\").  Any Rights not exercised on or before the Expiry Time will be void and have no value.  If a shareholder does not exercise the Rights prior to the Expiry Time, that shareholder's percentage interest in the Company will be diluted upon the exercise of Rights by other shareholders.  The Rights are currently trading on the Toronto Stock Exchange under the symbol MKP.RT and will cease trading at\n \n 12:00 p.m.\n \n (\n \n Toronto\n \n time) on\n \n December 8, 2021\n \n .\n \n \n \n \n \n \n \n \n \n Pursuant to the Rights Offering, each holder of Common Shares has already received one Right for each Common Share owned as of the record date of\n \n November 15, 2021\n \n . A Rights holder may subscribe for one Common Share for every 14 Rights held upon payment of the subscription price of\n \n $16.86\n \n per Common Share.\n \n \n The maximum gross proceeds of the Rights Offering will be approximately\n \n $33.3 million\n \n . ...