MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering by MCAN Mortgage Corporation
29 Jun, 2016, 18:21 ET
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, June 29, 2016 /CNW/ - MCAN Mortgage Corporation ("MCAN") (TSX:MKP) today announced that MCAP Corporation ("MCAP") has withdrawn its previously announced initial public offering of common shares ("Common Shares") at this time due to current adverse market conditions. In connection therewith, the previously announced secondary offering of Common Shares by MCAN and another shareholder of MCAP also has been cancelled at this time.
SOURCE MCAN Mortgage Corporation
For further information: MCAN Mortgage Corporation, Website: www.mcanmortgage.com, e-mail: [email protected]; William Jandrisits, President and Chief Executive Officer, (416) 591-2726; Jeff Bouganim, SVP & Chief Financial Officer, (416) 203-5935
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