10:15 AM EDT, 08/01/2024 (MT Newswires) -- Firm Capital Mortgage Investment ( FCMGF ) was at last look down near 5% on the Toronto Stock Exchange, after announcing Thursday that it has upsized its bought deal financing by $2 million, to $22 million. The company will now sell 1.95 million common shares at $11.30 each. The underwriters have been granted an over-allotment option of 292,500 shares at the same price, which if fully exercised, will see a total of $25.34 million raised. The offering is expected to close about August 8.

Proceeds will be used to repay indebtedness and for general corporate purposes.

Firm Capital was down $0.58 to $11.20 on the Toronto Stock Exchange.

Price: 11.20, Change: -0.58, Percent Change: -4.92