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Mackinac Financial files mixed shelf
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Manistique, Mich.-based Mackinac Financial Corp. filed a shelf registration statement for the sale of up to $75 million in securities that it may offer from time to time.
The filing covers the sale of debt securities, common stock, preferred stock, warrants, rights and units.
The company plans to use the net proceeds for general corporate purposes, including making contributions to the capital of subsidiary mBank.