Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Terra Firma Capital Corporation Enters Into Advisory Agreement With Spinnaker Capital Markets Inc.

TORONTO, ONTARIO--(Marketwired - Feb. 26, 2014) - Terra Firma Capital Corporation (TSX VENTURE:TII) ("Terra Firma" or the "Company"), a real estate finance company, today announced that it has appointed Spinnaker Capital Markets Inc. ("Spinnaker") as its capital markets and investor relations advisor. 

Spinnaker's mandate will focus on developing and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Terra Firma growth and investment story. The agreement is for a term of twelve months from February 15, 2014 to February 14, 2015 plus a 60 day notice period. The agreement provides for a full range of Investor Relations services for a monthly fee of $6,000. Under the terms of the agreement, Terra Firma has granted 100,000 share options to Spinnaker at an exercise price of $0.50 per share. Each of the Options shall vest in four equal installments, with the first 25% vesting immediately upon grant, and 25% vesting every 90 days thereafter and become exercisable on the same day of each month thereafter and shall expire on that date which is the earlier of (i) at least 60 days upon termination of the agreement or (ii) five years.

"We are excited with our new partnership with Spinnaker. Over the course of the past couple of years, we focused our efforts on building a robust business, the Terra Firma brand, and a scalable platform for continued growth," said Y. Dov Meyer, President and Chief Executive Officer. "As a result of our efforts, we continue to see great opportunities in our markets and expect to see meaningful ongoing growth in loan originations. Our goal is to now work with Spinnaker in communicating Terra Firma's success with the capital markets and to achieve greater shareholder value," he further said.

About Terra Firma

Terra Firma is a full service, publicly traded real estate finance company that provides customized equity and debt solutions to the real estate industry. Our focus is to arrange and provide financing with flexible terms to property owners looking to improve or add to their existing real estate assets but who may be limited by conventional bank financing, as well as to invest in quality commercial and residential developments by proven real estate developers. Terra Firma offers a full spectrum of real estate financing under the guidance of strict corporate governance, clarity and transparency. For further information please visit Terra Firma's website at www.tfcc.ca

About Spinnaker

Spinnaker is a Toronto based advisory firm which provides TSX and TSX-V listed companies with an array of advisory services from investor relations to strategically positioning its portfolio of companies for maximum exposure amongst targeted research analysts, and retail and institutional investors. Spinnaker has long-standing relationships with Canadian, American and European investment banking, asset management and retail brokerage firms with focus on the small to mid capitalization market segment.

The TSX-V has neither approved nor disapproved the contents of this press release. The TSX-V does not accept responsibility for the adequacy or accuracy of this press release.

Terra Firma Capital Corporation
Y. Dov Meyer
President & Chief Executive Officer
416.792.4709
ydmeyer@tfcc.ca

Spinnaker Capital Markets Inc.
Ali Mahdavi
Managing Partner
416.402.7300
am@spinnakercmi.com



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today