/BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS/ /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX:FC) is pleased to announce that the Corporation has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters bookrun by TD Securities Inc. and CIBC Capital Markets, 1,770,000 common shares of the Corporation (the "Shares") at a price of $11.30 per Share (the "Issue Price") for gross proceeds of $20,001,000 (the "Offering"). The Corporation has also granted the underwriters an over-allotment option to purchase up to 265,500 Shares at the Issue Price exercisable, in whole or in part, at any time until 30 days following the closing of the Offering. If the over-allotment option is exercised in full, the gross proceeds of the Offering will be $23,001,150. The net proceeds of the Offering will be used to repay indebtedness and for general corporate purposes. The offering is expected to close on or about August 8, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. The Shares will be issued pursuant to a prospectus supplement that will be filed by no later than August 2, 2024 (the "Prospectus Supplement") with the securities regulatory authorities in all provinces of Canada under the Corporation's short form base shelf prospectus dated July 29, 2024 (the "Base Shelf Prospectus"). No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States, its possessions and other areas subject to its jurisdiction or to, or for the ...