March 27 (Reuters) - Terra Firma Capital Corp TII.V :
* TERRA FIRMA CAPITAL CORPORATION PROVIDES UPDATE ON URBANCORP MATTERS
* TERRA FIRMA CAPITAL CORP - PREVIOUSLY ANNOUNCED LITIGATION PROCEEDINGS COMMENCED IN ISRAEL AGAINST, CO, INTER ALIA, AND DOV MEYER HAVE BEEN WITHDRAW
* TERRA FIRMA CAPITAL - AGREED TO ASSIGN ITS RIGHTS IN CONNECTION WITH CLAIM BROUGHT IN BORROWER'S INSOLVENCY, SOME OTHER RIGHTS OF ACTION
* TERRA FIRMA CAPITAL CORP - CURRENTLY HAS ONLY ONE DEFAULTED LOAN RECEIVABLE FROM BORROWER
* TERRA FIRMA CAPITAL CORP - SETTLEMENT AGREEMENT HAS BEEN APPROVED BY ORDER OF ONTARIO SUPERIOR COURT OF JUSTICE
* TERRA FIRMA CAPITAL CORP - SETTLEMENT IS NOT EXPECTED TO HAVE ANY FURTHER IMPACT ON COMPANY'S FINANCIALS
* TERRA FIRMA CAPITAL CORP - EXPECTS TO RECEIVE FROM CASH RESERVES SUBSTANTIALLY ALL OF REMAINING OUTSTANDING LOAN AMOUNT BY END OF Q3