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Firm Capital Property commences private placement of trust units

Firm Capital Property Trust is issuing up to 1,120,000 trust units at a price of C$6.25 per unit for up to C$7.0 million in gross proceeds.

The company has secured commitments from several investors to acquire 512,000 units for gross proceeds of approximately C$3.1 million.

The company will use the proceeds for future real estate acquisitions, debt repayment and working capital.