03:37 PM EST - MCAN Mortgage Corporation : announced today the successful completion of the fully subscribed rights offering that expired on August 22, 2012. The Offering raised gross proceeds of $20,130,010 with 1,699,157 new Common Shares issued. Of the new Common Shares issued, 1,532,336 were subscribed for under the initial subscription privilege and 166,821 were subscribed for under the additional subscription privilege. MCAN Mortgage Corporation
shares T.MKP are trading down $0.14 at $13.40.
