BF&M Limited rights offering to raise $22.3 million has been successfully concluded enabling the company to act on future expansion opportunities.

John Wight, president & Chief Executive Officer of BF&M Limited said: ?We are delighted to report that the company?s Rights Offering was successfully completed.

?Strong support was shown for the company and its future and we would like to thank all those who successfully participated in it.

?As we had previously reported, this rights offering is a key element of our group?s strategic plan for growth.?

The capital raised will be used to finance BF&M?s expansion strategy, in particular the growth of its wholly owned subsidiary, Bermuda International Insurance Services Limited, a company formed to market and distribute life insurance products to high net worth clients globally.