Frontenac Mortgage Investment Corporation - Board of Directors Elects New Chair

SHARBOT LAKE, ON, July 24, 2012 /CNW/ - Frontenac Mortgage Investment Corporation (FMIC) is pleased to announce that Mr. William Calvert was unanimously elected as new Chair of the recently amalgamated corporation at the Board of Directors meeting on July 11, 2012.  Mr. Calvert has been a Director for FMIC since June 9, 2007 and brings with him a wealth of knowledge as a retired senior municipal and provincial civil servant and consultant to various municipalities and provincial ministries.

The other members of the Board, sitting as Directors are Colleen Allison, Rosemarie Bowick, Robert Barnes, Eric Dinelle, Margaret Kelk, Sheldon Jacobs, Brad Ross and Steve Tarasick.

FMIC has assets under management of over $100,000,000.00.  Investors pool their funds and invest in mortgages on real property.  FMIC is a prospectus product that is managed by W. A. Robinson Asset Management Ltd. (formerly W. A. Robinson & Associates Ltd.)  FMIC's website is located at www.robinsonsgroup.com.

SOURCE: Frontenac Mortgage Investment Corporation

FMIC shareholders who have questions or require more information should contact the Corporate Secretary of the Company, Dawn Reiser at 1-877-279-2116.