NorRock Realty Finance Corporation

NorRock Realty Finance Corporation

June 15, 2012 15:55 ET

NorRock Realty Finance Corporation Announces Completion of $500,000 Private Placement

TORONTO, ONTARIO--(Marketwire - June 15, 2012) - NorRock Realty Finance Corporation (TSX VENTURE:RF.H) ("NorRock" or the "Corporation") is pleased to announce that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of $500,000 comprised of 2,000,000 Class A Shares.

The private placement has received approval from TSX Venture Exchange. All securities issued pursuant to the private placement are subject to a four month hold period.

NorRock intends to use the gross proceeds from the private placement for working capital and general corporate purposes.

NorRock Realty Finance Corporation

The Corporation is a mutual fund corporation incorporated under the laws of the Province of Ontario. The Corporation was initially created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments in the Canadian commercial real estate sector on a tax-efficient basis.

Certain statements included in this news release constitute forward-looking statements including statements identified by the words "plan", "will" and "intend", and similar expressions or the negative thereof. The forward-looking statements are not historical facts but reflect the Corporation's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers are cautioned not to place undue reliance on forward-looking information. The Corporation undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information except as required by law.

Neither TSX Venture Exchange nor its Regulator Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • NorRock Realty Finance Corporation
    Jacqueline Boddaert
    Chief Executive Officer
    (416) 479-9510 x305
    1-866-362-2469 (FAX)