TORONTO, ONTARIO–(Marketwired – April 1, 2016) – Terra Firma Capital Corporation (TSX VENTURE:TII) (“Terra Firma” or the “Company”) announced today that subject to regulatory approval and pursuant to the terms of its share option plan, it has granted options on March 31, 2016, to Mr. John Kaplan in recognition for his services to the Company as Executive Chairman of the Board, to purchase an aggregate of 200,000 common shares of the Company at a price of $0.77 per share. Each option vested immediately and shall expire in seven years from the date of grant.
About Terra Firma
Terra Firma is a full service, publicly traded real estate finance company that provides real estate financings secured by investment properties and real estate developments throughout Canada and the United States. The Company focuses on arranging and providing financing with flexible terms to real estate developers and owners who require shorter-term loans to bridge a transitional period of one to five years where they require capital at various stages of development or redevelopment of a property. These loans are typically repaid with lower cost, longer-term debt obtained from other Canadian financial institutions once the applicable transitional period is over or the redevelopment is complete, or from proceeds generated from the sale of the real estate assets. 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.
The TSXV has neither approved nor disapproved the contents of this press release. The TSXV does not accept responsibility for the adequacy or accuracy of this press release.
Y. Dov Meyer
Chief Executive Officer
Spinnaker Capital Markets Inc.