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LAKE IN THE ???HILLS, ILLINOIS--(Marketwired - April 17, 2013) - CapGain Properties Inc. (TSX VENTURE:CPP) is pleased to announce that its wholly-owned subsidiary, CapGain Holdings Inc. ("CapGain"), has entered into a Financing Commitment with Statesman Financing Corp. ("Statesman") for a $1,750,000 loan. The financing is to be secured against properties CapGain currently owns as well as the to be described interest that the financing will enable CapGain to acquire. The financing also calls for CapGain Properties Inc. to issue 500,000 shares at market price to Statesman. The closing of the financing is subject to acceptance by the TSX Venture Exchange. |
