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PowerOne Capital Corp. Acquires Securities of Firm Capital American Realty Partners Corp.

TORONTO, Nov. 14, 2018 (GLOBE NEWSWIRE) -- PowerOne Capital Corp. (the “Acquiror”), a corporation wholly owned by Pat DiCapo, a director of Firm Capital American Realty Partners Corp. (TSXV: FCA.U) (the “Issuer”), announces that on November 9, 2018 it acquired 50,000 units of the Issuer, each unit consisting of one Common Share and one Common Share Purchase Warrant (the “Units”).

The Units were purchased in a private placement (the “Private Placement”) at a price of US$8.10 per Unit for gross proceeds of US$405,000 (or approximately C$10.71 per Unit for a total of C$535,410 based on an exchange rate of US$1 = C$1.322) (the “Transaction”).  The Units acquired by PowerOne represent approximately 1.42% of the outstanding shares of the Issuer on a partially diluted basis as of November 9, 2018 following the Private Placement.

Immediately following the Transaction, the Acquiror and its joint actors directly and indirectly owned and controlled an aggregate of 750,014 Shares, along with options and other convertible securities entitling the parties to acquire an additional 103,815 Shares, in total representing approximately 12.13% of the issued and outstanding shares on a partially diluted basis (assuming exercise of options and other convertible securities) after the completion of the Private Placement.

The Units were acquired for investment purposes, and the Acquiror may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over securities of the Issuer. 

About Firm Capital American Realty Partners Corp.
Firm Capital American Realty Partners Corp. (the “Company”) is a U.S. focused real estate investment entity that pursues real estate and debt investments through the following platforms:

  • Income Producing Real Estate Investments: Acquiring income producing real estate assets in major cities across the United States. Acquisitions are completed solely by the Company or in joint-venture partnership with local industry expert partners who retain property management responsibilities.
     
  • Mortgage Debt Investments: Real estate debt and equity lending platform in major cities across the United States, focused on providing all forms of bridge mortgage loans and joint venture capital.

Hugh Ferreira 
DSA Filing Services Limited
The Canadian Venture Building
82 Richmond St East, Suite 200
Toronto, Ontario M5C 1P1
T 416-848-7601

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