TORONTO, ONTARIO -- (Marketwired) -- 05/23/14 -- Terra Firma Capital Corporation (TSX VENTURE: TII) ("Terra Firma" or the "Corporation") announced today that subject to regulatory approval and pursuant to the terms of its share option plan, it has granted options on May 20, 2014, to its directors and certain employees to purchase an aggregate of 565,000 common shares of the Corporation . The options permit the grantees to acquire common shares of the Corporation at a price of $0.50 per share. Except for the 210,000 options granted to certain employees, which vested immediately, the options vest in four equal installments, with the first 25% vesting immediately upon grant, and 25% vesting every 90 days thereafter. In each case the options expire five years from the date of grant.
In order to promote greater alignment of interests between directors, officers and employees of the Company and its shareholders, the Company's board has approved the adoption of a cash-settled-only deferred share unit plan (the "DSU Plan").
Further details regarding both the share option plan and the DSU Plan will be set out in the management information circular of the Company which will be mailed to shareholders and filed on SEDAR in connection with the Annual General and Special Meeting of shareholders.
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 provide financings with flexible terms to property owners and developers looking for customized structures. 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.
Contacts:
Terra Firma Capital Corporation
Y. Dov Meyer
President and Chief Executive Officer
416.792.4700 x 301
ydmeyer@tfcc.ca
Terra Firma Capital Corporation
Mano Thiyagarajah
Chief Financial Officer
416.792.4700 x 303
mthiyagarajah@tfcc.ca
