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TORONTO, March 18, 2024 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) today announced the launch of an overnight marketed offering (the "Offering") of common shares (the "Common Shares") of the Company for total gross proceeds of approximately $20 million. The Offering is being conducted through a syndicate of underwriters co-led by Canaccord Genuity Corp. and BMO Nesbitt Burns Inc. (collectively, the "Underwriters").