Builders Capital Mortgage Corp. announced a non-brokered private placement of 10.752 class A non-voting shares at an issue price of CAD 9.30 per share for gross proceeds of 99,993.60 on January 26, 2023. No new control persons will be created as a result of this private placement.

There is a four month hold period on the Class A Shares issued pursuant to this private placement which expires on May 27, 2023.