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MCAN Financial Group Announces Closing of Overnight Marketed Offering

Newswire.ca - Thu Mar 28, 8:00AM CDT

/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TORONTO, March 28, 2024 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) today announced the closing of its previously announced overnight marketed offering (the "Offering") of common shares (the "Common Shares") of the Company. Pursuant to the Offering, the Company issued a total of 1,868,750 Common Shares at a price of $15.40 per Common Share for aggregate gross proceeds of $28,778,750, which includes the gross proceeds from the full exercise of the over-allotment option granted to the Underwriters.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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