11:11:36 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Terra Firma Capital Corp
Symbol TII
Shares Issued 41,582,300
Close 2015-04-20 C$ 0.97
Market Cap C$ 40,334,831
Recent Sedar Documents

Terra Firma files preliminary prospectus for bought deal

2015-04-20 20:01 ET - News Release

Mr. Dov Meyer reports

TERRA FIRMA CAPITAL CORPORATION ANNOUNCES FILING OF PRELIMINARY SHORT FORM PROSPECTUS FOR $12.5 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES

Terra Firma Capital Corp., in connection with the bought-deal offering of 14,706,000 common shares of the company at a price of 85 cents per common share for aggregate gross proceeds to the company of $12,500,100, announced on April 14, 2015, has filed a preliminary short-form prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec. The preliminary short-form prospectus is available on SEDAR.

Concurrently with the offering, the company intends to complete a private placement of 1,205,883 common shares at a price of 85 cents per common share to certain insiders of the company, for gross proceeds to the company of $1,025,000.

The company intends to use the net proceeds from each of the offering and the private placement to partially finance the company's growth initiatives.

The offering is being led by Cormark Securities Inc., and includes Beacon Securities Ltd. and Paradigm Capital Inc. The underwriters have been granted the option to purchase up to an additional 15 per cent of the number of common shares sold under the offering, exercisable in whole or in part at any time up to 30 days after the closing of the offering. In connection with the offering, the underwriters will receive a fee equal to 6 per cent of the gross proceeds from the offering (including common shares issued upon exercise of the overallotment option) and broker warrants entitling the underwriters to subscribe for that number of common shares equal to 6 per cent of the number of common shares issued under the offering (including common shares issued upon exercise of the overallotment option), subject to adjustment in certain circumstances. Each broker warrant is exercisable for one common share at the offering price for a period of 24 months following the closing. The offering and the private placement are expected to close on or about May 5, 2015, and are subject to certain conditions, including, but not limited to, the receipt of applicable regulatory and other approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.

We seek Safe Harbor.

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