Pure Industrial Real Estate Trust announces exercise of the overallotment option
12 Marzo 2012 - 10:14PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ VANCOUVER, March 14, 2012 /CNW/
- Pure Industrial Real Estate Trust ("PIRET") announced today that
it has completed the issuance of 703,100 trust units at a price of
$4.50 per trust unit pursuant to the partial exercise of the
over-allotment option granted to the syndicate of underwriters led
by Canaccord Genuity Corp. and Dundee Securities Ltd., as co-lead
underwriters, and including RBC Dominion Securities Inc., CIBC
World Markets Inc., National Bank Financial Inc., Raymond James
Ltd., HSBC Securities (Canada) Inc., GMP Securities L.P., Macquarie
Capital Markets Canada Ltd., Sora Group Wealth Advisors Inc., and
Union Securities Ltd. The over-allotment option was granted to the
underwriters in connection with PIRET's previously announced public
offering ("the Offering") which was completed on March, 1, 2012.
Including the overallotment, PIRET issued 7,703,100 trust units for
aggregate gross proceeds of C$34,663,950. PIRET now has 66,407,003
trust units outstanding. PIRET intends to use the net proceeds from
the Offering to fund prospective acquisitions of income producing
industrial properties and for general working capital purposes.
PIRET's units are listed on the TSX Venture Exchange under the
symbol AAR.UN. About Pure Industrial Real Estate Trust PIRET is an
unincorporated, open-ended investment trust established for the
purposes of acquiring, owning and operating a diversified portfolio
of income-producing industrial properties in primary markets across
Canada. PIRET focuses exclusively on investing in industrial
properties and is the only publicly traded vehicle in Canada that
offers investors exclusive exposure to Canada's industrial asset
class. Additional information about PIRET is available at
www.piret.ca or www.sedar.com. Forward-Looking Information: Certain
statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as
"anticipate", "plan", "expect", "may", "will", "intend", "should",
and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. The
forward-looking statements contained in this news release are based
on certain key expectations and assumptions made by PIRET,
including: expectations and assumptions concerning receipt of
required regulatory approvals and the satisfaction of other
conditions to the completion of and use of proceeds from the
Financing. Although PIRET believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because PIRET can give no assurance that
they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. These include, but are
not limited to, the failure to obtain necessary regulatory
approvals or satisfy the conditions to closing the Financing,
competitive factors in the industries in which PIRET operates,
prevailing economic conditions, and other factors, many of which
are beyond the control of PIRET. The forward-looking statements
contained in this news release represent PIRET's expectations as of
the date hereof, and are subject to change after such date.
PIRET disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities regulations. NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (as that term is defined in the
policies of the TSX Venture Exchange) HAS REVIEWED OR ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES. Pure Industrial Real Estate
Trust (PIRET) CONTACT: Andrew Greig,Director of Investor
RelationsPure Industrial Real Estate Trust (PIRET)Suite 910, 925
West Georgia StreetVancouver, BC V6C 3L2Phone: (604) 681-5959 or
(888) 681-5959E-mail: agreig@piret.cawww.piret.caTSX Venture
Exchange - AAR.UN
Copyright
Grafico Azioni Pure Industrial Real Estate Trust (TSXV:AAR.UN)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Pure Industrial Real Estate Trust (TSXV:AAR.UN)
Storico
Da Giu 2023 a Giu 2024