PrimeWest Mortgage Investment Corporation (CNSX:PRI) announced a private placement of a minimum of 100,000 class A common shares up to a maximum of 500,000 class A common shares at a price of CAD 10 per share for minimum gross proceeds of CAD 1,000,000 up to a maximum of CAD 5,000,000 on March 21, 2016. The company intends to conduct multiple closings and close the transaction in May 2016. The transaction is available in Saskatchewan, Alberta and British Columbia and it is restricted to investors who have received advice from a registered investment dealer.