MCAN Mortgage Corporation Preliminary Base Shelf

Goodmans LLP acted for MCAN Mortgage Corporation in connection with its short form base shelf prospectus (“shelf prospectus”).

The shelf prospective was filed with the Securities Commissions in each of the provinces and territories of Canada.  Once the final Shelf Prospectus is filed and receipted, MCAN will be allowed to make public offerings of up to $400 million of common shares, preferred shares, debt securities, subscription receipts, warrants and units (the "Securities") during the 25-month period that the Shelf Prospectus is effective.